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The gift of education is one of the most valuable things you can give to your children. However, the cost of sending a child or grandchild to an independent or private (strangely, also known as a “public school”) school has soared well above the rate of inflation, yet the number of UK pupils in private education has never been higher. Why is this?
Part of the answer is that more than £1bn a year of financial assistance is available to parents, enabling one in three students to have their school fees reduced or even waived, according to the FT.
School fees have become a major problem for the middle classes in recent years. The cost of a private education is nearly 50% higher than a decade ago, according to data from the Independent Schools Council (ISC).
Average fees for day pupils are now nearly £4,800 per term, or just over £14,000 a year. Fees are higher in the Southeast and London, where boarding school fees now average more than £13,000 a term — close to £40,000 per year, according to the ISC.
Scholarships and bursaries have become a key factor in affordability, but many parents may not be aware of the level of help available. For instance, at some schools, parents who apply for means-tested support could qualify even if they have a household income of £90,000.
Competition for the brightest children means that an increasing amount of assistance is being provided on a “needs blind” basis to pupils with a flair for particular subjects, such as music and sports.
My Son won a music scholarship and bursary, which covered part of the fees, and a government assisted place scheme, which was later abolished by the Tony Blair government.
Independent schools need to justify their charitable status, which has encouraged more generosity in the form of scholarships and means-tested bursaries. The ISC says that £800m of the £1bn provided in “fee assistance” last year came directly from the schools themselves.
Over 175,000 ISC students currently enjoy some form of fee reduction, around half of these through means testing. The number of those receiving “free” fully paid places more than 6,000 pupils, an increase of 5 per cent year-on-year. Click here for full story.
See more at www.moneytipsdaily.com
Word of the Day
Hedge Fund
A hedge fund is an official partnership of investors who pool money together to be guided by professional management firms, not unlike a mutual fund.
A hedge fund manager raises money from outside investors and then invests it according to whatever strategy he or she has promised to use. There are hedge funds that specialise in "long-only" equities, meaning they only buy common stock and never sell short. There are hedge funds that engage in private equity, which is the buying of entire privately held businesses, often taking them over, improving operations, and later sponsoring an initial public offering. There are hedge funds that trade junk bonds.
There are hedge funds that specialise in property and real estate. There are even hedge funds that put money to work in specialised asset classes such as patents and music rights. In other words, unlike a Mutual Fund or Unit Trust, hedge funds can invest in just about anything.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

Earlier this week, I said that interest rates look set to stay low.
This week, the ECB announced that it is reducing interest rates. Trump is demanding that the US federal reserve also cut interest rates and the UK base rates stand at just .75%.
Other central banks are keeping rates low in order to stimulate the flagging economy.
The ECB is also introducing other stimulus measures such as pumping money into the economy by buying €2.8 billion worth of bonds.
As I said, this is good news for borrowers but not so good for savers.
In the UK you can get mortgages at just over 1%, but in some countries you can get mortgage is it close to zero or even negative rate mortgages.
It should be a good time to fix your mortgage rate as there is also a bit of a mortgage work going on with lenders falling over themselves to attract customers.
The property market in the UK has been in the doldrums for the last few years, with some areas such as London fallen sharply. The average price rises in the rest of the country are barely moving.
However, with the conclusion of Brexit finally in sight and ‘no deal’ looking like it is off the table, some agents are reporting an increase in buyer activity.
With Sterling still down at just over £1.20 against the dollar, properties must look cheap for foreign buyers. The pound could also benefit from the Brexit bounce once we come out of the EU. The pound reaches the highest level since July
If you are an overseas investor looking to get into the UK market I’m looking for a partner, let me know.
My personal view is that we have not seen the end of market turbulence, so I’m holding back on investing in the stock market and will only consider below market value shares and property.
Price of gold, silver and other precious metals has risen sharply in the past year, indicating that some investors are nervous and are looking for a safe haven.
I recently reported that the Chinese businessman Jack Ma said that we should all be working 12 hours a day six days a week. In the UK, some believe that we should push towards a 35 or four day working week.
This was introduced in France several years ago and has caused problems for business.
There is an argument that working too many hours causes fatigue and problems, but any top-down legislation trying to force a shorter working week for businesses needs to be carefully considered. Businesses cannot afford to just pay people the same salary for five days while working only four, which would add an extra 20% to their bottom line.
Other news
The London stock exchange has rejected Hong Kong bid thank goodness.
Word of the Day
Quantitative Easing
The short answer is Quantitative easing government central banks printing money.
Putting more money back into the economy in order to stimulate economic activity.
In practice, QE is a monetary policy whereby a central bank buys predetermined amounts of government bonds or other financial assets in order to inject liquidity directly into the economy.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

Many people tell me that they want to get into property, but don’t know where to start or which strategy to choose.
“Should I try residential or commercial”, they ask me, “single let buy-to-let or HMO’s?”.
How will I find the money for deposits, which area should I invest in, should I use a limited company? These are all questions I get asked by people wanting to become a professional property investor.
Firstly, let’s get rid of a few myths that may be holding you back from taking the first step.
Myth No.1
You need your own money to get into property.
Not true. There are a number of strategies you can use to get into property investment with either no money or by using other people’s money.
Myth No.2
It takes years of experience and special skills to become a professional property investor.
Nonsense. I’ve seen people become investors within a few weeks of taking a course and go on to build a portfolio much larger than “experienced” investors.
Myth No.3
You need special connections and have to be “in the know” to get all the best deals.
Again, not so. Anybody can build their network and connections in property by learning and simply getting out there and meeting people. There are hundreds of networking events, courses and seminars running every month, all over the country. Not only can you build your connections at these events, but you can also expand your knowledge.
So how can you get started right now?
My friends at Progressive are running several events to give you the opportunity to look at a number of strategies so you can decide which is best for you.
Multiple Streams of Property Income Event
20-22nd September – Peterborough
11-13th October – Peterborough
25-27th October – Peterborough
An excellent 3 day event covering multiple streams of income and strategies.
No money for deposits?
Why not start by finding deals and packaging them up to sell on to others. Learn more at the deal packaging discovery day
Deal Packaging Discovery Day
25th September
30th October
A 1 day event giving you a strategy where you can make money from property without using any of your own money.
We also have a 1 day beginners property secrets course, which can introduce you to property investing.
Beginners Property Secrets Day
9th September
17th September
24th September
3rd October
8th October
Other events:
No Money Down Discovery Day
23rd September
10th October
Joint Venture Finance Day
5-6th September
23-24th October
Serviced Accommodation Discovery Day
13th September
26th September
31st October
House of Multiple Occupancy (HMO) Discovery Day
11th September
I have a limited number of complimentary tickets for these events. If you are interested, message me on Facebook or email me at charles@charleskelly.net

Money Tips News
Markets Settle on China-US Trade talks.
Don’t ignore parking tickets and bills – more bailiffs being used by local authorities to collect unpaid fines.
2870 retail outlets closed down in first six months of 2019.
LSE receives £32 billion HK bid.
BA pilot strikes damaging the airline’s multi-billion pound brand.
Word of the Day
Revenues and profit.
Revenue, or turnover, is the total amount of income generated by the sale of goods or services by a company or business. Profit, or the “bottom line”, is the amount of income that remains after accounting for all expenses, debts, additional income streams and operating costs.
Turnover is vanity profit is sanity.
See also:
Angel Investor Funding – London Has an Abundance of Money for Scalable New Businesses
How to Obtain Angel-Investor Funding- With Joseph Zipfel, C.I.O. of Start-up Funding Club
https://podcasts.apple.com/gb/podcast/how-to-obtain-angel-investor-funding-joseph-zipfel/id1442532994?i=1000444991715
Earn 25% Tax Free Bonus with Government Help to Buy ISA but only if you start before 30 Nov
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

There is an abundance of money available for business start-ups and ventures in London.
Word of the Day
Scalable
Businesses which are scalable are businesses which can be scaled up or grown to a large concern where investors can expect to make a return on their investment, as opposed to a one-man-band or lifestyle business.
See also:
How to Obtain Angel-Investor Funding- With Joseph Zipfel, C.I.O. of Start-up Funding Club
https://podcasts.apple.com/gb/podcast/how-to-obtain-angel-investor-funding-joseph-zipfel/id1442532994?i=1000444991715
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

Low interest rates look set to continue for the foreseeable future. Whilst this is great for borrowers, but disastrous for investors and people retiring on annuities.
Earning just over 1% on an ISA account is not even keeping up with inflation, let alone giving you a good investment return.
Even gross yields on buy-to-let properties in major cities have fallen below 4% and in London or sometimes around 2%. That’s ‘gross’ yield by the way, before costs such as letting charges.
What should you the investor do to improve the yield or income you receive on your money, particularly if you are relying on this to provide retirement income?
You can shop around for the highest rate available on savings accounts, but this is not going to improve your overall return by that much.
You could consider high yielding shares as an alternative to deposit-based investments.
Yes, there is the risk that the value of your capital can go down as well as up, but many of these are blue-chip companies listed on the London Stock Exchange.
Examples of these FTSE100 index listed companies include the insurer Aviva PLC, currently paying a dividend yield of 8%.
Aviva has over 30 million customers, a market capitalisation of £14.2 billion and trades on a P/E ratio of 9.53.
Aviva is listed as a “buy” by most brokers, but could also be affected by Brexit.
Shares can be held within the tax-free wrapper of an ISA, which means that you would not pay tax on the income or growth.
Mining company, Rio Tinto has a market cap of £70 billion and paying a dividend of 5.5%, trading on a P/E of 10.16.
Rio dates back to 1873 and earnings have gone up by 32% each year for the past five years. Its share price is being threatened by unpredictable weather and a weakened outlook for minerals such as iron ore.
House builders Redrow PLC and Persimmon PLC have both done well in the last few years with the push for more new homes and the government Help-to-Buy scheme for first time buyers.
Redrow has a market capitalisation of just over £2 billion, trades on a P/E ratio of 6.46 and currently has a dividend yield of 5.26%.
The company recently reported a jump in annual profits to £406 million for the year ended to 30th of June 2019, up 7% of the previous year, with annual revenue rising by 10% to £2 billion. Revenue was driven by a 13% increase in legal completions to 6443 homes. There was a 2% drop in the average selling price.
Persimmon pays a dividend of 12% or a 1200% than most ISA accounts pay. The company has a market capitalisation of over £6 billion, and reported a profit of £1 billion on revenues of £3 billion, yet trades on a P/E ratio of just 6.75.
Around 200,000 new homes have been built each year for the past few years in the UK. There is still demand for property for various reasons, but builders could be dependent on schemes like the government help to buy.
The price of shares can go down as well as up and dividends and the value of your capital are not guaranteed.
The companies are expected to grow over the longer term, which means you can enjoy dividends and capital growth on your investment.
These are just a few examples of shares offering dividends (a share in the profits) of over 5% of the share price.
Do your own research online. Google high yielding dividend shares, or look at finance sites.
See your financial advisor, but the best way to invest in shares is to learn more about it yourself.
Word of the Day
P/E Ratio see:
http://www.moneytipsdaily.com/how-to-earn-higher-yields-on-your-investments/

Weekly News Round Up
The week has been dominated by the shenanigans going on in parliament, with Boris Johnson losing control of the agenda and opposition party remainers winning three crucial votes.
Other news
Markets and pound bounce back as a ‘no deal brexit’ looks less likely
Germany going into Recession
Earn 25% Tax Free Bonus with Government Help to Buy ISA but only if you start before 30 Nov
Government Help to Save Scheme for low paid 96% undersubscribed
10 TIPS TO GET OUT OF CONSUMER DEBT USING THE M.A.N.A.G.E. D.E.B.T. SYSTEM
Women Need to Invest More Money to Secure Future Prosperity
Government Lose Key Brexit Vote – Johnson will table a motion for an October General Election as 21 MP’s Defy Whip
Cyprus, the Easiest Route to EU Citizenship

A Help to Buy ISA is a government scheme helping you save for a mortgage deposit to buy your first home. You must be a first-time buyer to qualify and not own a property anywhere in the world.
Savings are tax free just like with any ISA product, however, a Help to Buy ISA gives you the added bonus of getting government contributions.
How does the Help to Buy ISA work?
The government tops up your contributions by 25%, up to a maximum contribution limit of £12,000. In other words, for every £200 you save, the government will contribute £50. This means you can earn a maximum of £3,000 from the government.
The minimum amount you need to save in order to qualify for a government bonus is £1,600 (which gives you a £400 bonus).
You can start off your ISA with an initial deposit of up to £1,000 which also qualifies for the 25% boost from the government.
Remember, Help to Buy ISAs are available to each first-time buyer, not each home. So, if you’re buying a property with your partner, you’ll be able to get up to £6,000 towards your deposit.
Help to Buy ISAs are available until 30 November 2019. They won't be available to new savers after this date, but if you opened your Help to Buy ISA before then you can keep saving into your account. You must claim your bonus by 1 December 2030.
Word of the Day
Land Transaction Tax (LTT)
LTT replaced Stamp Duty, which still applies in England, in Wales in 2018.
If you’re buying a home in Wales costing more than £180,000, you’ll have to pay Land Transaction Tax (LTT) on your purchase.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
See also:
Women Need to Invest More Money to Secure Future Prosperity
Government Help to Save Scheme for low paid 96% undersubscribed
10 TIPS TO GET OUT OF CONSUMER DEBT USING THE M.A.N.A.G.E. D.E.B.T. SYSTEM

A few days ago, I talked about how women are saving a lower proportion of their income than men. Today I discover that savers are failing to take advantage of a new UK Government scheme, as figures reveal that more than 96% of those eligible are missing out on a 50% top-up bonus worth up to £1,200.
The Help to Save account, launched last September, was designed to encourage people on low incomes to save for their future. However, statistics released by HM Revenue & Customs show that only 132,000 of the 3.5 million people eligible have opened an account.
The scheme allows people on welfare benefits, such as working tax credit and universal credit (combined with certain level of household income) to save up to £50 a month, or £600 per annum, for four years, which will be topped up by the Government by 50p for every £1 saved.
The Help to Save accounts can be held for four years, with a maximum of £2,400 saved with a further £1,200 paid in by the Government.
Anna Bowes, of Savings Champion, the comparison site, told the Telegraph that whilst the Government should be encouraging people to save she was not surprised by the low take-up.
“A lot of this group will not have any spare money to save so it’s not surprising that there’s not been a huge take-up,” she added. “For a lot of people on lower incomes, saving and investing aren't going to be very high on their list of priorities. That being said, it’s encouraging to see 132,000 people have been able to take advantage.”
Ms Bowes questioned how well the scheme had been publicised, since most people have no idea it exists.
But HMRC argue that account holders were already eligible for £14m in bonuses. Tax free bonus payments are allocated every two years. Claimants can only open one account.
John Glen, the economic secretary to the Treasury, said: “Saving shouldn’t be seen as a luxury but as an essential part of planning for the future.
“That’s why I launched the Help to Save scheme last year, and it’s been great to see so many people using it to put money aside for themselves and their loved ones.”
Word of the Day
Universal Credit is a state benefit which is replacing 6 other benefits with a single monthly payment if you're out of work or on a low income
Universal Credit will replace the following benefits:
· Child Tax Credit
· Housing Benefit
· Income Support
· income-based Jobseeker’s Allowance (JSA)
· income-related Employment and Support Allowance (ESA)
· Working Tax Credit
If you currently receive any of these benefits, you cannot claim Universal Credit at the same time.
Universal Credit, being rolled out across the country, has been criticised by landlords with tenants on housing benefit for being slow to start.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
See also:
Women Need to Invest More Money to Secure Future Prosperity
Earn 25% Tax Free Bonus with Government Help to Buy ISA but only if you start before 30 Nov

British and American household debt had reached record levels, despite high employment, low taxes and historically low interest rates.
In the UK, the TUC has called for higher pay rises to solve the problem, but we know that is not always the answer. If you cannot manage small amounts of money, chances are you will not manage larger sums. Unless you change your habits, that par rise or bonus will be blown on more stuff or another holiday before you even receive it.
I cover more on managing money in my book on money, but in the meantime, here is:
THE M.A.N.A.G.E. D.E.B.T. SYSTEM – 10 TIPS TO GET OUT OF CONSUMER DEBT FOR GOOD:
M.A.N.A.G.E. D.E.B.T.
MAKE A LIST
AXE NON-ESSENTIAL OUTGOINGS
NEVER PAY THE MINIMUM PAYMENT ON A CREDIT CARD
APPLY FOR A BALANCE TRANSFER CARD
GENERATE EXTRA CASH
ENTITLEMENT TO BENEFITS OR WELFARE SUPPORT
DON’T IGNORE BILLS OR DEMANDS
ENTER INTO AN ARRANGEMENT
BE PROACTIVE AND ASK FOR HELP
TAKE YOURSELLF OFF CONSUMER DEBT FOR GOOD
Bonus Tips
1. Never use expensive payday lenders, unless you have no other choice, and especially unauthorised doorstep lenders will charge you a small fortune interest.
2. Start building your credit rating by making repayments on time and clearing credit cards faster. The higher your credit rating, the more access you will have to cheaper finance and the less you will be dependent on expensive credit.
Word of the Day
IVA
Individual Voluntary Arrangement
In England and Wales, an individual voluntary arrangement (IVA) is a formal alternative for individuals wishing to avoid bankruptcy.
The IVA was established by and is governed the Insolvency Act 1986 and constitutes a formal repayment proposal presented to a debtor's creditors via an insolvency practitioner. Usually (but not necessarily), the IVA comprises only the claims of unsecured creditors, leaving the rights of secured creditors largely unchanged. Insolvency practitioners charge initial and ongoing fees that are in addition to the debt.
An IVA is a contractual arrangement with creditors and can be as flexible as an individual's own circumstances; they can therefore be based on capital, income, third party payments or a combination of these.
In this process, a debtor who has enough money left over after priority creditors and essential expenses, may be able to arrange an individual voluntary arrangement.
Based on taking independent advice, debtors with less serious problems may wish to consider a debt management plan.
The procedure for businesses is the company voluntary arrangement. There is also Administration where the business is effectively run by an appointed administrator. In the US, companies can take advantage of Chapter 11 rules and many companies have come back from this, including some owned by Donald Trump
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
See also:
How to get bursaries and assisted places for top private schools

The average British woman invest half the amount they spend on treats, such as clothes, beauty products, gym classes and eating out, says entrepreneur and former Apprentice contestant Jackie Fast.
Writing for City Matters, Jackie said they spend £211 per month on day-today treats, but only £98 on saving and investing.
Jackie did further research and found that women invest 40% less than men.
Whilst there are reasons why woman cannot always invest as much as their male counterparts, such as career breaks and the gender pay gap, women need to up their game when it comes to money management.
As a former financial advisor, I frequently saw women leave the all household finances, such as mortgages, pensions and savings, to their male partner or husband.
This often led to disastrous consequences during times of divorce or widowhood.
Women to take control of their own finances, separate from the family budget. Finance is still not widely taught in schools, so it does require some effort.
See an independent financial advisor or better still learn more about finances through reading quality newspapers and books on money, seminars and courses, or by taking a financial advisor course, as advised in one of my earlier Money Tips podcasts.
Word of the Day
Derivatives
A derivative is an arrangement or product, for instance, as a future, option, or warrant, where the value derives from the value of an underlying asset, such as a commodity, currency, or security.
Due to major growth sector in financial markets the trade in so called derivatives has grown.
In the financial markets, share prices, bond prices, currency rates, interest rates and dividends go up and down, creating risk. Derivative products are financial products which are used to control risk or paradoxically exploit risk. It is also called financial economics.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

Parliament Torn Apart by Brexit - Johnson will table a motion for an October General Election.
The government lost a key vote tonight which could delay Brexit 31 October and will have consequences on the UK for years to come.
A general election is on the cards as Boris Johnson warns MP’s that if the government loses the vote tomorrow on the Bill to delay Brexit and outlaw a ‘no deal’ exit of the European Union.
Other news:
· M&S to drop out of FTSE100 Index.
· Restaurant Group shares drop as it announces closures.
· Manufacturing output down.
· Pound falls again.
· Gold price rises on uncertainty – up 35% in last 12 months.
Word of the Day
Cash ISA
In the UK, investors can invest in a cash ISA and pay no tax interest, which is taxed in non-ISA deposit accounts. The annual tax-free ISA allowance is £20,000, with ome accounts also allowing you to transfer in money invested in the previous tax year so you can maximise returns on all your tax-free savings.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

The pound has continued to fall on currency markets amid intensified political uncertainty over Brexit, the BBC reports today, although a couple of cents against the dollar is hardly a catastrophe.
Rumours of a possible snap general election dragged sterling further down, as MPs pushed for a further three-month Brexit extension.
Against the dollar, the British pound fell more than a cent to $1.2050, while against the euro, it fell below the €1.10 mark.
Prime Minister Boris Johnson, who last week said he will suspend parliament, has repeatedly insisted that the UK is ready to leave the EU without a deal, despite his own MP’s threatening to revolt against the government.
Over the weekend, government whips were summoned to the Prime Minister’s Chequers residence where they were given orders to warn Tory MPs that they face deselection at the next election (which could be in a matter of weeks) if they rebel against the party line.
Brexit, currently scheduled to happen on 31 October, is causing uncertainty business and needs to be settled one way or the other.
If he calls a general election this year, it will be the third one in four years and the fourth election if you include the 2016 EU referendum vote.
Despite petitions and mass demonstrations against the suspension of parliament, Johnson’s rating actually increased, intensifying speculation that he may call for an early election to strengthen his wafer-thin DUP-backed majority and scupper opposition attempts to block brexit.
Finally, the Sunday Mail reported yesterday that Labour’s Shadow Chancellor, John McDonald, plans to put the brakes firmly on the buy-to-let market and give private tenants the ‘right-buy-buy’ their rented property at a discount.
Word of the Day
Commodity Markets
A commodity market trades in the primary economic sector in commodities, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Investors access about 50 major commodity markets worldwide with purely financial transactions increasingly outnumbering physical trades in which goods are delivered. Futures contracts are the oldest way of investing in commodities. Futures are secured by physical assets. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple form of derivative trading in the commodity market for centuries for price risk management.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

Weekly News Round Up 010919
In this episode:
Is China orchestrating Hong Kong riots in order to justify an invasion?
Is China’s economy built on a house of cards?
Why the HK rich are looking at Golden Visas, such as Cyprus, to protect their money.
Also:
Markets settle after a turbulent week.
Recession Coming World Markets Tumble?
Trump’s China tariffs kick-in as trade war threatens world’s economies with recession.
6 Trump Tweets wipes $500 billion off shares in one day
Why is 12-hour-day-work proponent Jack Ma retiring and stepping down as CEO of Alibaba?
Brexit saga heats up as Boris Johnson prorogues parliament causing British Pound to tumble.
Fire Movement’s extreme saving, promising early retirement and way out of the rat race.
How to use Power of Compound Interest to build wealth.
35 Year Mortgages Help First Time Buyers
Word of the Day
Markets
In financial terms, a “market” is a market in which people invest and trade in financial securities and derivatives. Examples of securities shares, stocks and bonds, and precious metals.
The term "market" is also used for exchanges, organizations that facilitate the trade in financial securities, e.g., a stock exchange (e.g. London or Wall Street) or commodity exchange.
Within the financial sector, the term "financial markets" is often used to refer just to the markets that are used to raise finance: for long term finance, the Capital markets; for short term finance, the Money markets. Another common use of the term is as a generic term for all the markets in the financial sector, as in the examples listed below.
Capital markets which consist of:
· Stock markets, enabling companies to raise finance through issues of shares or stock, and provide a secure trading platform to investors.
· Bond markets, provide financing for governments and companies through bonds issues, and provide a secure trading platform to investors.
Other markets:
· Commodity markets.
· Money markets.
· Derivatives markets.
· Futures markets.
· Foreign exchange markets - FOREX.
· Cryptocurrency market.
· Spot market
· Interbank lending market
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

When I was growing up, my mother was stingy by necessity and bought the cheapest food and clothes she could find. I was embarrassed by this, as in those days it was not cool to be frugal.
Fast forward to the present and it has become fashionable and even cool to be stingy, frugal and penny pinching.
Shops like Primark, money saving comparison sites and online stores like Amazon have all boomed in the last few years.
In my book, Yes, money can buy happiness, and my Money Tips podcasts, I obviously promote saving and investment and earning more than you spend. However, a movement in America called F.I.R.E. takes stinginess to a whole new level.
The seeds of the FIRE movement can be traced back to the 1992 best-selling book Your Money or Your Life written by Vicki Robin and Joe Dominguez, and the 2010 book Early Retirement Extreme by Jacob Lund Fisker.
Followers of the F.I.R.E. or “financial independence” and “retire early”, movement, originating in the US, practice extreme forms of money saving to achieve their goal of early retirement and financial independence.
Devotees target savings of up to 70% of their annual income, which they invest for the long term. Their aim is to build a savings pot of 30 years’ worth of living expenses which they typically keep invested in low-cost tracker funds, withdrawing a maximum 4% every year in the hope they will never spend their capital.
There are a number of obvious flaws in the F.I.R.E. plan....listen for more....
In reality, scrimping and saving alone will not make you rich, and will probably leave you feeling stressed and miserable. Think of yourself as a business, a money-making machine. Like any business, you need to generate income, capital and investment returns, as well as keeping an eye on the purse strings.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

End of a Turbulent Week
It’s Friday and it has been a tumultuous week.
Shares recovered from last week’s fall on hopes that the Trump-China trade dispute will be settled soon.
Economies of China and India are slowing and property sectors look to be over geared. Could this cause another banking crisis?
Boris Johnson prorogued Parliament causing a storm of protests with people taking to the streets and court cases started to block him.
Two surveys come out this week which show that consumer confidence and business confidence are both falling.
Consumer spending and borrowing are also down.
The nationwide building society reports that property is barely growing at the moment.
Economic signs are not looking good so it’s not the time to be taken on a huge risky commitment went in the shop in the High Street.
On the other hand, office property in the city has been snapped up despite the doom and gloom around Brexit.
If markets fall and we going to recession it will be a buyers market for businesses, property and shares.
Word of the day
PE Ratio
The price-earnings ratio, also known as P/E ratio, P/E, or PER, is the ratio of a company's share (stock) price to the company's earnings per share. The ratio is used for valuing companies and to find out whether they are overvalued or undervalued.
For example, if share in xyz PLC is trading at £24 and the earnings per share for the last 12-month period is £3, then share xyz PLC has a P/E ratio of 24/3 or 8.
In other words, the buyer of the share is investing £8 for every one pound of earnings.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

How many hours a week do you work?
The outspoken Chinese billionaire, co-founder of the online giant Alibaba supports a 9am to 9pm working day, six days a week.
While European countries moves towards shorter working hours – I’m not sure they can get much shorter in France - and more time off, Jack Ma calls for a "996 system", which he describes as an opportunity and a “blessing”.
Mr Ma recently wrote that without this formula, China's economy was "very likely to lose vitality and impetus".
Fellow superrich tech entrepreneur Richard Liu, the boss of ecommerce giant JD.com, supports Ma’s 12-hour-a-day system.
Mr Liu said decades of unprecedented economic growth in China had created more "slackers".
The two entrepreneurs do not appear to care much about their employees having a life outside of work, especially when you add up to two hours uncomfortable commuting time to his “996” formula, which probably ends up closer to 7-11-6.
The communist state has seen economic growth averaging 10% for more than 25 years, from the 1970s into the mid-2000s, which has since levelled out at around 6%, a rate that the U.S. and Europe would die for.
In 1998, Liu founded his company that became JD.com. His work ethic is well documented, saying he would set his alarm to wake him up every two hours to offer his customers a 24-hour, service.
He wrote: "JD in the last four, five years has not made any eliminations, so the number of staff has expanded rapidly, the number of people giving orders has grown and grown, while the those who are working have fallen.
"Instead, the number of slackers has rapidly grown! If this carries on, JD will have no hope! And the company will only be heartlessly kicked out of the market! Slackers are not my brothers!"
Following earlier business successes, including a website building company, Ma co-founded Alibaba, often referred to as “China's eBay”, in 1999 and has developed it into one of the world's biggest internet companies.
In my new book, I write about Jack Ma’s story of how he went from teacher to billionaire using other people’s money (OPM) and investment to grow his business.
Alibaba's market value is now approximately $490bn (£374bn), and Mr Ma's personal wealth is estimated at around $40bn.
Last year, Ma said he will step down as executive chairman in the near future.
Most driven business owners do not just work a 9 to 5 day, unlike their employees who do not have the same skin in the game.
However, there is an argument that working long hours can be counter-productive beyond a certain point. An U.S. Department of Health and Human Services study, Overtime and Extended Work Shifts: Recent Findings on Illnesses, Injuries, and Health Behaviors, found that working beyond eight hours a day posed health risks and offered little productivity.
When I was running a company with staff, the owners worked long hours, but we found that working into the night was unproductive, caused fatigue which led to more errors. Our best employees arrived on time, worked efficiently throughout the day getting their work done and left on time leaving a clear desk.
Some corporations may regard employees as expendable pawns in the game of business, or dismiss burnout as an occupational hazard. The most profitable companies invariably look after their staff with good pay and conditions which bring out the best in people.
Who says 8 hours is the standard working day anyway? Some people can comfortably put in a 10 or 12 hour day, especially when they are doing something they love. Many professionals, such as doctors and lawyers regularly pull 50 to 60 hour weeks. Not everyone has the same desire or stamina. Do whatever is right for you and look after your health and body, as without this you cannot work or enjoy life to the full.

British Pound down to $1.22 and E1.10
Shares up and down
Reminder about PPI deadline – 2 days to go!
Hong Kong crisis – Golden Visas
What is a Golden Visa?
In simple terms, it is a visa in return for money or investment into the host country.
Applicants can secure permanent residency in Europe or Cyprus, a member of the European Union, through investment in real estate. The programme is one of the fastest and simplest investor visa programmes in Europe. It requires investment of just €300,000 into property to gain the Cyprus residency permit. The residency visa is granted within two monthsand covers the whole family. It includes parents of both the main applicant and spouse plus dependent children up to the age of 25. It is valid for life and can be passed down to dependents and spouse.
The permanent residency programme offers ease of travel throughout the European Union and requires just one visit to Cyprus by all family members once every two years. The investment may be made by a company for which the main applicant and spouse are beneficial owners. The investment can be in to a maximum of two properties provided they reach the €300,000 permanent residency limit. The properties purchased must be brand new.
If you would like further information, drop me a line.
Word of the Day
Index
What Is an Index?
An index is an indicator or measure of something, and in finance, it typically refers to a statistical measure of change in a securities market. In the case of financial markets, stock, and bond market indices consist of a hypothetical portfolio of securities representing a particular market or a segment of it. (You cannot invest directly in an index.) The S&P 500 and the US Aggregate Bond Index are common benchmarks for the American stock and bond markets, respectively.
DOW Jones Index
FTSE100 or FTSE250 Index
You can invest in an Index Tracking Fund or ETF.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook

What does BREXIT and leaving the EU on WTO terms actually mean for the UK?
Listen to this jargon-busting episode.
Word of the Day
WTO
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to ensure that trade flows as smoothly, predictably and freely as possible.
The WTO has over 160 members representing 98 per cent of world trade. Over 20 countries are seeking to join the WTO.
Despite MPs voting against a no deal in March 2019, it still remains the legal default for Brexit until some kind of withdrawal agreement is passed by Parliament. A no deal Brexit would mean we leave the EU, as well as the single market and customs union, and begin trading with the EU on WTO terms.
Under WTO rules, countries set their own import rules, so a no deal Brexit means that the government could, in theory, allow goods and services from all countries across the world to be imported into the UK without tariffs or quotas.
But it doesn’t mean other countries would have to do the same, meaning that UK exports to those countries would, in many cases, face tariffs and restrictions.
In any case, the government have said that under a no deal Brexit scenario, tariffs would still apply to 13% of goods (by value) imported into the UK for up to 12 months. During that time it will undertake a review on a long-term approach to tariffs.
Another way of thinking about free trade is that the UK would be able to decide for itself how trade with other countries would operate. In the longer-term a no deal Brexit would give the UK the greatest agency over its future trade deals, although the exact terms would have to be agreed in negotiation with each individual country. These deals would likely take years to negotiate. Source: https://fullfact.org.
Formation
1 January 1995; 24 years ago
Type
International trade organization
Purpose
Reduction of tariffs and other barriers to trade
Headquarters
Centre William Rappard, Geneva, Switzerland
Membership
164 member states
Official language
English, French, Spanish
Director-General
Roberto Azevêdo
Budget
197.2 million Swiss Francs (approx. 209 million US$) in 2018.
Staff
640
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook

Albert Einstein once said that compound interest was the most powerful force on earth.
What is compound interest?
In simple terms, compound interest is the effect of interest being earned, paid or on interest.
If you had £100 in the bank earning 7% interest per annum at the end of the year you would have £107. In year two, you are earning 7% on £105, not £100.
The Rule of 72
If you did not touch the interest or savings and the interest continued at 7% per annum how long would it be before your money doubled?
The answer is just over 10 years.
Look at it from another point of you, if you have a credit card debts rolling up at 20% per annum, how long would it be before your debt doubled in size? The answer is just over three years. However, let’s assume you are paying the minimum 2% off of your debt balance, and for the sake of this exercise we assume that effect is that you will be paying 18% on the debt. It would still only take four years before your debt has doubled in size. Furthermore, just paying the minimum payment on your balance would probably take decades before you could clear it.
I’ll give you a quick way to work out how long are some doubles based on an interest rate. It’s called the rule of 72.
If you divide the interest-rate that you are earning into 72 or take 72 and divide it by the interest-rate this will give you the approximate number of years will take to double.
In the above example, if you’re earning 7% per annum, seven into 72 is just over 10, therefore it will take just over 10 years before your money will double.
If I offered you the choice of either £1 million for one penny doubled every day for 28 days, which would you accept? The obvious answer is to take the £1 million, but you’d be wrong to take it, As one penny doubled and compounded over 28 days comes to £1,340,000. Amazing isn’t it. Day one, one penny, day two, two pennies and so on until day 27 it is £650000.
Word of the day
Compound interest and the Rule of 72.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook

Weekly News Roundup 260819
Word of the Day
ETF
An exchange-traded fund (ETF) is a fund of securities—such as stocks—that tracks an underlying index, for instance, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 Index. ETFs can also contain many types of investments, including stocks, commodities - such as Gold and Silver - bonds, or a mixture of investment types. An exchange-traded fund is a marketable security meaning it has an associated price that allows it to be traded or bought and sold.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

6 Trump tweets wipe $500 billion off U.S. stocks in one day - $83 billion a tweet!
The stock market lost over $300 billion in value in 15 minutes due to six tweets from President Trump. He even joked about the Dow being down later in the day as investors lost over $500 billion on Friday.
The Dow Jones closed 623 points down on Friday following the Trump tweets calling Fed the “enemy” and imposing new tariffs on Chinese imports from September.
Forbes reported that in the course of 2 minutes on Friday President Trump unleashed 6 tweets about Fed Chairman Powell’s speech at the central bank’s Jackson Hole annual economic policy symposium and China announcing that it would impose 5% to 10% tariffs on $75 billion of U.S. exports to China. The stock market reacted immediately and intensely negatively to Trump’s first set of tweets sending the Dow Jones 30 Industrials down about 400 points in 15 minutes and 500 points within an hour.
While the Dow and other indexes were essentially flat to up a bit during and after the Fed Chairman’s speech, the 120 seconds of tweets erased over $300 billion in value in those 15 minutes and the markets fell further during the day. Trump followed up with 4 more tweets later in the day, one of which was joking about the Dow dropping 573 points as investors had lost almost half a trillion dollars. For the day over $500 billion in equity was erased.
That’s $83 billion per tweet!
As the trade war escalates like a high-stakes poker game, shares started to tumble around the world and could be the trigger for another black Monday when markets open in Asia and then Wall Street. London will be closed for a public holiday on Monday 26 August.
Although markets had settled after earlier steep falls, Money Tips predicted that this would not be the end of market turbulence.
Word of the Day
Correction
What Is a Correction?
According to Investopedia, ai the world of investments, a correctionis generally defined as a decline of 10% or greater in the price of a security from its most recent peak. Corrections can happen anywhere including individual stocks, the indexes that follow stocks or sectors, the commodities and currency markets, or any asset that trades on an exchange.
· A correction is a decline of 10% or greater in the price of a security, asset, or a financial market.
· Corrections can last anywhere from days to months, or even longer.
· While damaging in the short term, a correction can be healthy, adjusting overvalued asset prices and providing buying opportunities.
A Stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are triggered by panic or an event, as much as by underlying economic factors. They often follow speculative stock market bubbles or long bull runs.
Significant crashes occurred in 1929, 1987 and 2008, but smaller crashes have happened in between those dates.
If you would like to learn how to invest in the stock market and make money whether the market is going up or down, drop me a line on FB or at charles@charleskelly.net.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

Universal credit is responsible for tenants on benefits falling behind with rent, according to the Residential Landlords Association (RLA).
The RLA said 54% of landlords had reported tenants on the benefits go into arrears in the last year.
The BBC reports that Debt charity Turn2Us warned universal credit will lead to "more rent arrears, more evictions and more homelessness".
The Department for Work and Pensions (DWP) said landlords had reported seeing fewer claimants in arrears in the last year.
David Smith, policy director for the Residential Landlords Association (RLA), said it was taking too long for people struggling on universal credit to get the help they needed.
"The system only provides extra support once tenants are in rent arrears. Instead, more should be done to prevent tenants falling behind with their rent in the first place.
"Only then will landlords have the confidence they need that tenants being on universal credit does not pose a financial risk they are unable to shoulder."
Tenants have also experienced difficulty if finding landlords who will accept benefits claimants.
David Samson, welfare benefit specialist at Turn2Us, said the large number of people on universal credit in rent arrears was "a devastating example of the crippling issues with the benefit".
"The five week wait for universal credit married with the reality that it is just less generous than previous benefits will only conclude with more rent arrears, more evictions and more homelessness unless the government takes immediate action to fix some of the glaring problems."
Chris Town, a landlord in Yorkshire for 31 years, told the BBC that his tenants are "all worried about universal credit; they're terrified they're going to lose the benefit".
The experienced landlord said the introduction of the benefit since 2018 had caused many problems.
"You give people time to sort things out, but I'm waiting three months for arrears in some cases."
He added that there are problems getting access to information. "Up to now with housing benefit we've dealt with the local authority directly which means information was easy to access.
"Under universal credit it's not as accessible and you're not really sure what's going on."
Universal credit has replaced six benefits, including housing benefit, and merges them into one payment. It's gradually being rolled out around the country, but there are concerns that some claimants have seen their overall support cut.
RLA research revealed that 68% of landlords said there was a shortfall between the cost of rent and the amount paid in universal credit.
Are you a landlord with tenants on benefits or a tenant claiming Universal Credit? Money Tips would like to hear your views.
Word of the Day
Fiscal
A term used in public or government financial matters. Fiscal year, fiscal report.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

You must keep on top of your finances and life in general otherwise the weeds will take the garden, as Jim Rohn used to say.
When does it end? When can you relax? Never.
Word of the Day
Tenure
In property terms, it’s the conditions under which land or buildings are held or occupied. Examples of tenure in the UK include, Freehold or Leasehold.
There are more examples and practical steps to getting rich, staying rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

UK has enjoyed a boom in new tech investments from overseas and has attracted £5 billion in the first seven months of this year, the BBC reports today.
Word of the Day
IPO – Initial Public Offering or stock market launch is a type of public offering in which shares in a company are sold to institutional investors and usually also retail (individual) investors - raising investment using OPM.
The IPO is underwritten by one or more investment banks, which arrange for the shares to be listed on one or more stock markets, such as the London Stock Exchange or on one of the Wall Street markets.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

Kylie Jenner – The Entrepreneur who is defying the odds
A 20-year-old near-billionaire who does not have a college degree is in the process of dismantling decades worth of bunk economic theories crafted by those long on degrees, but short on common sense.
Entrepreneur Kylie Jenner started Kylie Cosmetics in 2016 ago with one product - a $29 lip kit. Forbes reported in 2018, that she “had sold more than $630 million worth of makeup since.”
Jenner owns 100 percent of a company that Forbes estimates is worth more than $800 million. Jenner is on track to become the youngest self-made billionaire ever.
Kylie Jenner the Modern Entrepreneur
Even more remarkable is how Jenner built the billion-dollar business without a large company or major investors and minimal setup costs, staff or infrastructure. She owns 100 percent of her business. Start-up costs were low and she employs just seven full-time and five part-time staff. All the manufacturing and packaging, along with sales and fulfilment, are outsourced.
Making a billion is easier in the digital and social media age. As Jenner told Forbes, “I have such easy access to my fans and customers.”
Whilst most entrepreneurs in the cosmetics business would have huge marketing costs, Jenner’s got this covered of through her 115 million Instagram followers and even more on Snapchat.
John Tamny, Director of the Center for Economic Freedom at FreedomWorks, sates in his new book, The End of Work, that Millennials will be the richest generation in the history of the richest nation in the history. Maybe, until Jenner's generation eclipses the Millennials. The young understand and embrace the technology best.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

Chancellor Sajid Javid ends speculation that he will make sellers pay Stamp Duty, instead of buyers. Thank goodness for common sense, as the plan was fraught with difficulty..
Stock Markets settle.
Invest in yourself and your education.
Word of the Day
Dividend or Divi.
When you own a share in a business, the board of directors of the company can declare a dividend, or share of the profits, to the shareholders who are the owners of the company.
If you invest in shares, you can benefit from capital growth (assuming you have done your research, invested in a good company and the share price rises over time) and income from annual dividends, typically 3-5% of the value of the share.
Learn how to invest, and always take independent financial advice.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

What should investors do when the stock market is at an all time high and recession looms?
Fund Managers tell Investors to “stay calm” and stay invested in the market.
On Wednesday 14 August 2019, the US stock marker suffered its biggest one day fall since October and the Dow Jones had its sixth worst day in history. Markets recovered by the end of the week when President Trump deferred a tariff increase on Chinese imports.
As markets reel and recession appears to be around the corner, The Times interviewed leading experts and economists working for fund managers or insurance companies. These are the people who control billions of pounds worth of investments on behalf of millions of savers and investors in pooled managed funds, from pension funds to unit trusts (mutual funds).
Not one expert recommended getting out of the market, even though some admitted that the price of shares could fall.
Helena Morrisey of Legal and General advised investors to “stay calm”, which is always easier when it’s not your money at risk.
She continued:
“Private investors should resist the temptation to cash in their portfolios” and adds.
By selling in anticipation of possible losses, investors may miss out on the gains that often follow declines in share prices”.
In this volatile market, what would you rather do: miss out on a potential gain, or avoid a potential loss?
James Thomson, the manager of the Rathbone Global Opportunities Fund, astonishingly says:
“I will be sticking with my long-term strategy and not be distracted by market turmoil. I will be using and market dips to top-up some of the positions in my portfolio”.
This is bullshit.
Who do they think they’re kidding?
Of course they want you to “stay invested” in their funds, because that’s how they get paid – they earn billions from management fees and fund charges on your money.
My advice is simple.
Firstly, take independent financial advice if your adviser tells you to “stay calm” and “stay invested”, find another adviser.
Secondly, take a course and learn how to invest in the stock market yourself, or invest in something else you understand, rather than leaving it to highly-paid fund managers, most of whom do not even beat the market average.
If you would like to learn more about investing in your spare time, email me at charles@charleskelly.net or message me through our Money Tips Facebook Community.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
What should investors do when the stock market is high and recession looms?

A lot of people say, “you need money to make money”, which is not strictly true.
Yes, some projects do require investment, but I’ve started many businesses with no money and just my efforts. TV money expert Martin Lewis started his Money Saving Expert website for £200 and sold it for millions and describes it has his greatest ever investment. I would say the same about my business investments where my ROI has been infinite.
Assuming you do need money for a project, does it need to be your own money? Of course not!
People have bought and sold businesses, properties and funded projects, expeditions, corporate takeovers for centuries using Other People’s Money (OPM).
7 ‘no money down’ property strategies
1. JV – joint venture with someone who has cash to invest but not the time.
2. Rent to Rent – control property and rent out for a profit.
3. Refinance – draw off equity by remortgaging your, or someone else’s, property.
4. Crowdfunding – sourcing funds from groups of investors.
5. Lease Options – buy now, pay later with option, but not the obligation to buy.
6. Rent to buy – rent now, buy later.
7. Serviced Accommodation – start a serviced accommodation business with leased properties.
Word of the Day
ROI / Yield
What is Return on Investment (ROI)?
“Investopedia describes ROI as:
Return on Investment (ROI) is a performance measure used to evaluate the efficiency of an investment or compare the efficiency of a number of different investments. ROI tries to directly measure the amount of return on a particular investment, relative to the investment’s cost. To calculate ROI, the benefit (or return) of an investment is divided by the cost of the investment. The result is expressed as a percentage or a ratio.”
I say, “what I am getting out of this deal?” or “what will I get back on my investment?”!
ROI is sometimes confused with ROC – Return on Capital.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

What is debt?
The English term "debt" was first used in the late 13th century and derives from "dette, from Old French dete, from Latin debitum "thing owed".
To the borrower, a debt is seen as a liability. To a creditor, a debt is an asset on their balance sheet.
Change your mindset and use debt as an asset and leverage to acquire assets.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

World markets tumble as inverted yield curve signals a recession.
Prepare for recession by eliminating the habit of spending and living off bad debt.
Keep an emergency savings cash buffer of at least six moths worth of outgoings.
If you’re starting a new business, I would advise against renting a shop in the High Street or signing leases for offices. If you must have an office, rent one of the many serviced offices, like Regus or We-Work, with a flexible short-term contract. The rent will be a little higher than a basic office room, but they provide you with telephone lines, answering service, photocopiers, printers, coffee machines, meeting rooms, cleaners and so on. The other advantage of a professional serviced office is that you will immediately look more credible and established.
You can also work from home while using an office accommodation address and answering service.
The internet has opened up a new world of learning, working, socialising and doing business. We no longer need to go back to school or university to learn new skills. We can work from home, start a business or find a new life partner all from the comfort of our home.
Amazon has also enabled thousands of authors to easily self-publish their books online, as I have with my book, Yes, Money Can Buy You Happiness! See link - http://bit.ly/2MoneyBook
If you want to quit the rat race and work from home, but can't quite replace your income from your paid job, why not try and gradually make the transition over a period of time?
You can learn how to get started on Amazon or Facebook by following the steps of people who have done all the hard work for you and now want to pass on their knowledge.
For more information on Amazon and Facebook courses email charles@charleskelly.net

The British Retail Consortium has asked the Chancellor, Sajid Javid to reform Business Rates to stop the decline of the High Street
The internet has opened up a new world of learning, working, socialising and doing business. We no longer need to go back to school or university to learn new skills. We can work from home, start a business or find a new life partner all from the comfort of our home.
Amazon has also enabled thousands of authors to easily self-publish their books online, as I have with my book, Yes, Money Can Buy You Happiness! See link - http://bit.ly/2MoneyBook
If you want to quit the rat race and work from home, but can't quite replace your income from your paid job, why not try and gradually make the transition over a period of time?
You can learn how to get started on Amazon or Facebook by following the steps of people who have done all the hard work for you and now want to pass on their knowledge.
For more information on Amazon and Facebook courses email charles@charleskelly.net
Word of the Day
Gearing
Financial gearing refers to the relative proportions of debt and equity that a company uses to support its operations. This information can be used to evaluate the risk of failure of a business. When there is a high proportion of debt to equity, a business is said to be highly geared.

Worldwide web inventor Tim Berners-Lee inventor has called for more control of the internet, which has changed everything in the last 30 years.
We can now self-publish articles, books, videos, live broadcasts and podcasts online.
We can buy, trade and sell online, which is destroying the high street as we know it.
Shop vacancies have hit a 4-year high, which means landlords (which could be your pension fund) are also suffering.
Amazon started 25 years ago and has grown from start-up to one of the most valuable public companies on the planet, with Mr Bezos now the world's richest man.
Starting as an online book retailer, it has become a global giant, selling multiple products and becoming the world's second-ever public company to hit a $1 trillion valuation.
Amazon has sales of over $234 billion and is expected to rise to over $300 billion by 2020.
One of the reasons the company has grown is their partner programmes which enables online entrepreneurs and retailers to sell goods on the Amazon platform at a fraction of the cost of setting up a physical store.
In the past, you needed technical knowledge and skills to set up websites and marketing ability to work online. You needed to find a way of driving traffic to your site. Amazon has solved these problems.
The internet has opened up a new world of learning, working, socialising and doing business. We no longer need to go back to school or university to learn new skills. We can work from home, start a business or find a new life partner all from the comfort of our home.
Amazon has also enabled thousands of authors to easily self-publish their books online, as I have with my book, Yes, Money Can Buy You Happiness! See link - http://bit.ly/2MoneyBook
If you want to quit the rat race and work from home, but can't quite replace your income from your paid job, why not try and gradually make the transition over a period of time?
You can learn how to get started on Amazon or Facebook by following the steps of people who have done all the hard work for you and now want to pass on their knowledge.
For more information on Amazon and Facebook courses email charles@charleskelly.net
Word of the Day
Leverage
Leverage simply means using a lever, or form of help, to make it easier to do something, whether it be buying an asset of moving a rock by amplifying your strength.
In financial terms, Ivestopedia describes leverage as using borrowed capital as a funding source when investing to expand the firm's asset base and generate returns on risk capital. Leverage is an investment strategy of using borrowed money—specifically, the use of various financial instruments or borrowed capital—to increase the potential return of an investment. Leverage can also refer to the amount of debt a firm uses to finance assets. When one refers to a company, property or investment as "highly leveraged," it means that item has more debt than equity.
You can also leverage your time and your life by using tools or employing staff and outsourcers. If you are not using leveraging in your life, chances are your life is being leveraged by someone else.

Are 100% Mortgages back? Well, almost. With a little help from the bank of mum and dad!
Word of the Day
Quantitative Easing
Printing money or pumping money into the economy. Used by central banks after the 2008 financial crash.
Quantitative easing, also known as large-scale asset purchases, is a monetary policy whereby a central bank buys predetermined amounts of government bonds or other financial assets in order to inject liquidity directly into the economy.
I talk more about practical steps to managing your money, getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System, the Stars Who Lost it All and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

This week in Money Tips Daily
Protecting your pension pot from scammers - 5 million people at risk
China-Trump Trade and Currency War
Stock Markets Plunge around the world
Preparing for a recession
UK Economy Shrinks 2nd Quarter of 2019 for first time since 2012
1 Million more young adults living with parents than a decade ago
Home repossessions up 40%
Word of the Day
GDP or Gross Domestic Product
The total value of goods and services produced by an economy based on three measures of a country’s economic activity:
Output
Expenditure
Income
You can learn more practical steps to managing your money, getting rich and being happy in my book, Yes, money can buy happiness, where I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System, the Stars Who Lost it All and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

UK Economy Shrinks in 2nd Quarter as 1 Million More Young Adults Still Living With Parents than a Decade ago
1 Million more young adults living with parents.
Word of the Day
Conveyance
Legal term used to transfer title of a property from one person or body to another.
Solicitors carry out conveyancing work during a property perchance.
I talk more about practical steps to managing your money, getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System, the Stars Who Lost it All and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

As money pours out of shares, investors are turning to Bonds and precious metals, like Gold which has risen 30% in the last 12 months.
Financial Word of the Day
“Bear”
Bear Market, Bear Run, where markets are expected to fall – opposite to “bull” market.
Investors are feeling “bearish” about the US stock market on news of a possible US-China trade war.
I talk more about practical steps to managing your money, getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System, the Stars Who Lost it All and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

We heard of a pending trade war, now we have a looming currency war between China and the US.
What can you do to prepare for a recession?
Financial Word of the Day
“Bull”
Bull Market, Bull Run or the expectation the markets are going to go up.
Feeling ‘bullish’ about the market, which we expect to rise.
I talk more about practical steps to managing your money, getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System, the Stars Who Lost it All and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

5 Reasons Why A Stockmarket Crash Could Affect You Even IF You Don't Invest In Shares
What does the stock market crash into me when I don’t invest in shares?
A lot of people will be saying that they fall in the share prices of the world stock markets will make no difference to them, because they don’t invest in shares.
However, the value of the world’s largest companies indirectly affects everyone on the planet in one way or another.
1. Confidence
The markets need the confidence to invest in new businesses and projects, which in turn provide jobs and prosperity. When markets are crashing and the value of companies is going down, there will be less money available to invest. A lack of confidence can ultimately lead to recession as people and businesses stop spending.
2. Investment
People assume that investment comes from governments, but in most cases it comes from the private sector. Even if the government do invest directly, where do you think governments get their money?
3. Taxes
Government money is raised through taxes on companies, through corporation tax, income tax most of which is paid by people working for companies, expenditure tax and various other taxes such as capital gains and inheritance tax.
When markets fall, companies will invest less, make less profits which means they’ll be less tax to collect by governments. This can lead to tax hikes or borrowing to make up the government expenditure shortfall.
4. Takeovers and breakups
If the company’s share price falls below a certain level, it leaves them vulnerable to a hostile the takeover. In many cases, this will lead to job losses and closures as the new owners seek to maximise their short-term profits.
British companies have been subject to a raft of takeovers from foreign companies which, despite promises made, have often resulted in massive job losses when factories and divisions have been closed or moved abroad. Not all takeovers are directly the result of a stock market downturn, but it does leave companies weak and vulnerable to attack by predators.
5. Pensions and managed funds
Even if you’re not directly invested in the stock market, your pension, insurance or managed fund almost certainly is. It goes without saying that if the value of the shares, or equities, on the stock market goes down, the value of your pension will follow. If you are in a defined contribution scheme, the value will full almost immediately, which can have devastating consequences especially if you are about to retire. People in a defined benefit or final salary scheme may not be directly hit unless the fund starts to run short of funds.
Learn how to take control of your Uconomy rather than the economy, which you cannot control. I talk more about practical steps to managing your money, getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System, the Stars Who Lost it All and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

Avoid comparison site car hire insurance rip-off paying twice for “comprehensive” cover.
I talk more about practical steps to managing your money, getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System, the Stars Who Lost it All and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you feel that you have been short changed in any way by your bank, listen to my forthcoming interview with one of the UK’s leading experts in this field. He helps companies recover money taken unfairly from them by their bank.
If you have a question regarding this matter that you would like me to put to the expert, email me at charles@charleskelly.net

In the news this week:
Boris bounce following Boris Johnson’s election to No.10
Possible reforms to Stamp Duty
Investment into infrastructure in the North
15-year-old boy from Essex wins over $1 million in world e-sports final.

Before you depart for your well earned holiday, listen to these 3 quick Money Tips, which could save you a small fortune.
Looking for a good holiday read? Check out my new book, Yes, money can buy happiness. There are practical steps to getting rich and being happy including the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Order in paperback or Kindle version on Amazon http://bit.ly/2MoneyBook.

Foxtons Estate Agent's boss, Nic Budden, says the property market is the slowest since the 2009 crash, as the London based company reported a £3.2m loss this week.
You can acquire property with No Money Down using proven strategies.
Learn multiple no money down strategies by joining me at the next “No Money Down Weekend” seminar. I have a limited number of complimentary tickets.
For more information, email me at charles@charleskelly.net

Learn the secrets of NO money down property deals from experts this weekend in London.
You can acquire property with No Money Down using proven strategies.
Learn multiple no money down strategies by joining me at the “No Money Down Weekend” in London on 27 July. I have a limited number of complimentary tickets for the event, but you must apply by close of play Friday.
For more information, email me at charles@charleskelly.net

Boris Johnson was elected Tory leader today and will become the next Prime Minister of the UK, the 5th largest economy in the world, after Theresa May steps down tomorrow.
What are his chances of success?

Many years ago, are used to get a newsletter mailshot from a company recommending penny shares. Penny shares traded at 10, 20 or 30 pence per share, and the idea was that you could buy these ‘cheap’ shares in the hope that they will go up in value massively compared to buying a blue-chip stock.
The company was offering a paid newsletter subscription which would send you a monthly report on the penny shares to buy.
In reality, the shares were not cheap, the value was the same as the price. They were high risk investments that could’ve gone either way. Furthermore, the share price depends on a many factors including the number of shares issued.
In the same way, buying a property because the price seems cheap may not always be the best policy. Just because you see a property for £50,000, which looks cheap compared properties in another area, does not follow that you’re getting a bargain. You might be just paying £50,000 for a property that is worth £50,000. There may be a reason it’s worth £50,000.
You need to do your homework to ascertain whether or not the property is really worth £50,000 and to find out the real value of the property.
Value versus price
There is a difference between the price of something and the value. Sometimes the price of a property or share accurately reflects its true value, but not always.
As an investor, we are always aiming to buy a property or asset below market value, not below market price, so don’t be lazy and always do your research.
The stock market has been rising for over ten years and is due for a correction. The UK economy goes through a recession every ten years or so and the last downturn started after the 2007-8 financial crash. Economies go through cycles of boom and bust and it is at those times of low confidence when the markets drop, often irrationally, that you will find real below market value bargains.
Recessions are scary, but they do open up opportunities to acquire assets at greatly discounted prices. For instance, if and when the stock market has a correction, or crash, there will be a number of good company’s shares on sale at well below asset value. That will be the time to buy.
Now is the time to learn and do your research and have your funds or funding in place.
The same applies to property, even if you don’t have much cash. During property downturns when properties are at rock bottom prices, lenders typically restrict or even stop lending! I have witnessed this first-hand on a number of occasions when I knew there were bargains in London, but could not get the finance to buy them.
If I had known then what I know now, I would have been able to acquire those properties without using traditional mortgage lenders or mortgages.
Can you acquire property with ‘No Money Down’? Yes you can!
Learn multiple no money down strategies by joining me at the “No Money Down Weekend” in London on 27 July.
For more information, email me at charles@charleskelly.net

Pension scams cost Brits 4 billion a year and could be the next big financial scandal according to the Sun.
Problems started a few years ago after the then Chancellor George Osborne changed the rules to allow savers to access 25% of their pension pots tax-free from the age of 55. Thousands of people have since been scammed out of their money or made poor investments and lost everything.
In the past, we could not touch our pensions until age 60, but the rules have become more flexible leading to some people foolishly frittering away the money that would've otherwise bought a secure pension in an annuity for life during retirement.
We know that the average pension pot of someone in the 50s is around £70,000, indicating that there will be a major shortfall in pension savings for millions of people in 10-15 years’ time. An awful lot of people will be unable to retire and some could be homeless.
In other news, the current Chancellor Philip Hammond said he will resign from the government if Boris Johnson is elected leader. Hammond is a known remainer and, along with fellow remainer MP’s, may attempt to block Brexit.
The Brexit saga could run and run leaving the country and the EU in a state of limbo or uncertainty thus deterring investment.
A government thinktank recently warned that a no-deal Brexit could wipe 10% off UK property prices.
The United Kingdom has a recession around every 10 years and we are 10 years on from the last recession, so it doesn’t take a financial genius to work out that we are due for one in the next few years. However, it does take a genius to tell you exactly when the next recession will be!
In my experience, recessions often come from almost out of the blue triggered by an unexpected event, such as the 1970s oil crisis or the 2008 financial meltdown.
Currently, we have several possible causes of recession, including Brexit, the America-China trade war and increased tensions in the Gulf after Iran seized a British oil tanker.
Recessions are just part of life and they come and go, so we all need to prepare for lean times as well as good, like the Joseph story in the Bible. Joseph prophesised 7 good years, followed by 7 lean years and famine and told the Pharaoh to store grain during the good years. How many governments have enough grain in the store?
You need to ensure you are not carrying too much consumer debt or even too much good debt on properties or business when the downturn hits.
On the plus side, a downturn opens up opportunities to acquire assets at greatly discounted prices. For instance, if and when the stock market has a correction, or crash, there will be a number of good company’s shares on sale at below asset value. That will be the time to buy.
The same applies to property, even if you don’t have much cash.
Can You Acquire Property With No Money Down? Yes you can!
Learn multiple no money down strategies by joining me at the “No Money Down Weekend” in London on 27 July.
For more information, email me at charles@charleskelly.net

I'm going to read you and excerpt from a book:
Whatever may be said in praise of poverty, the fact remains that it is not possible to live a really complete or successful life unless one is rich. No man can rise to his greatest possible height in talent or soul development unless he has plenty of money; for to unfold the soul and to develop talent he must have many things to use, and he cannot have these things unless he has money to buy them with.
Man develops in mind, soul, and body by making use of things, and society is so organized that man must have money in order to become the possessor of things; therefore, the basis of all advancement for man must be the science of getting rich.
The object of all life is development; and everything that lives has an inalienable right to all the development it is capable of attaining.
Man’s right to life means his right to have the free and unrestricted use of all the things which may be necessary to his fullest mental, spiritual, and physical unfoldment; or, in other words, his right to be rich.
From the Science of Getting Rich by WD Wattles published 1910
This book influenced Napoleon Hill, who wrote think and grow rich many years later. His book went on to sell over 10 million copies.
Many of the ideas contained in both books are still relevant today. These and other authors inspired me to write my own book, 'Yes, money can buy happiness' and turn it into an online course.
This section on getting rich in the digital economy is taken from my book.
By the end of this, you will learn how the digital economy has changed everything and opened up more opportunities to get rich than at any other time in history.
We are living in the digital economy. The internet has changed everything and if you change, as Jim Rohn said, everything will change for you.
We can do things online right now, like trade shares or currencies in real time, that would have only been available to banks or trading houses a few years ago.
We can set up online stores using platforms like Amazon and eBay for a tiny fraction of the cost, and risk, of setting up a physical retail business.
There has never been a better time to earn money online and you don’t have to have a website or even invent your own products, and you definitely don’t have to be a technical IT expert.
More about this later. For now, keep in mind that you can take advantage of the new digital age economy, which gives the little guy a chance to compete with the big boys.
Sure, you can be happy as an employee or small business owner doing a job you love, but in most cases, this will not make you wealthy because there are only so many hours in a day and only so much energy you can give.
The fact that you’re reading this book or listening to my Money Tips podcasts probably means you are not happy with your current financial situation and you are searching for something more in your life? Maybe you once had hopes and dreams which have gradually been smothered by the daily grind of life? I want you to know that those dreams and ambitions are still alive inside you. They are waiting for you to take action by taking that first step.
It’s not your Ability, but your Mobility that will take you where you want to go.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

How will Brexit, the slowing UK economy and increased taxes affect property?
In this episode, I look at the effects of Brexit, possible recession and tax on the future of UK property.
Can You Acquire Property With No Money Down?
Learn multiple no money down strategies.
Join me at the “No Money Down Weekend” in London.
Email me for more details at charles@charleskelly.net

Amazon is running and Amazon Prime day shortly and will be running special offers in order to get people to buy more stuff.
If you are shopper, then you might pick up a few bargains on the other hand you might spend money on things you don’t need!
If you are a marketer, I assume you have already prepared for this day.
What is the point of these days?
It’s easy to be cynical about Black Friday, Christmas, January sales, Mother’s Day, Father’s Day, Easter and so on.
The aim is obviously to create an event and encourage people to buy.
Do you have to wait for those specific days? No, you can have your own events.
Rob Moore of Progressive recently merged two divisions of his company into one. Rather than just let it pass as an accounting event, he had a progressive day in which he had special offers on his courses, one off special deals...you get the picture.
Despite the fact that we are all shopping more and more online these days, good shopping malls are still thriving. Why, because they are a destination, an event and a meeting place.
I was recently in The Mall of Asia in Manila, one of the largest shopping malls in Asia. The owners son, Harley Si, once told me that it would take three days to visit every shop in the huge shopping city! They have free concerts, exhibitions and even fireworks and are always busy seven days a week.
That part of Manila Bay was once covered by water. People with great vision, such as the Si family, reclaimed the land and they have built five star hotels and casinos in an area that was almost forgotten. The aim is to make Manila the Las Vegas of Asia. A destination!
We need to do more than just offer a product or service and hope that people will buy it. Barnum was a master at this, as you can see in the fantastic movie The Greatest Showman.
In modern times, Richard Branson has always done some incredible stunts, such as flying around the world in the balloon, to market his brand!
Even if you have invented some entirely new and innovative products, you still have to marketed and promoted to get it out there.
Think about your business and what you can do to create an event or something special to encourage people to use your product or service.
To learn how to make money on Amazon, email me at charles@charleskelly.net

How to trace lost accounts and investments
A recent report explains how the UK government is planning to expand its dormant accounts scheme to include some pensions, shares, and bonds, and take our money and donate billions of pounds to charity, according to Hargreaves Lansdowne.
The scheme will eventually mirror the dormant account scheme where the provider hasn’t been able to get in touch with the investor for at least 12 years, and there’s been no activity on the account. If you hold only cash in your account then after six years it will be considered dormant.
Banks and insurance company’s charges and fees will not be dormant, but your account will be considered dormant!
Your money could be taken and “allocated” to good causes by the National Lottery Community Fund. However, the current dormant accounts scheme gives people the right to reclaim their money at any time in the future.
The dormant accounts scheme has been running since 2011, and £1.2 billion in so-called dormant bank and building society accounts has been earmarked for charity.
Listen to my 3 steps to help avoid losing your accounts...
Simplify
Record
Reviiew
Find out where you can trace lost accounts and read the full article and podcast on my website www.moneytipsdaily.com
In my book, In my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, two of which are Record and Review. Check it out on Amazon http://bit.ly/2MoneyBook.

Check those subscriptions as you might be paying for a service you don’t use.
4 in 10 people forget to cancel subscriptions costing British people £338 million per month.
We’ve all done it, we sign up with the best intentions and then forget about it. Gym memberships, courses on trial or streaming films. Like me, you may be tempted by a free trial but find out later that you are still paying because you forgot to cancel after the free trial ended!
42% of people continue to pay for service they don’t use
A lot of these payments come out by bank direct debit but, which are easier to check by printing off a list of your bank direct debits or going into your bank and asking for a list of your bank direct debits (and standing orders). Direct debit’s and standing orders are easy to cancel at the bank or on your online apps.
However, a lot of online and American companies take recurring payments by credit card which are trickier to cancel and more difficult track unless you religiously check your credit card statement every month.
In my book, you can read about the ‘3 R’s of Money Management’, outlined in Part 3 on ‘How to Grow and Manage Your Money’. As I’ve said in previous podcasts, making money and keeping money are two different skills.
To cancel these, you have to contact the company, which can be difficult if you’ve lost contact details, all the credit card company.
Calling your credit card company, which is a mission in itself, frequently results in them telling you to contact the company and asking them to cancel the subscription. Not very helpful.
They are also reluctant to refund money or reverse the payment when you inform them that it has been taken in error.
That’s why I like using my Monzo card because it alerts me on my phone app every time a payment is deducted from my account. Saved me money recently when click funnels were taking too much money from my account as they had upgraded me without my permission.
Check out Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook
www.moneytipsdaily.com

10 Tips on How to Survive and Thrive in a Recession
1. Prepare for a recession because one always comes sooner or later.
2. Save and create an emergency fund.
3. Pay off and cut out consumer debt.
4. Create additional or multiple income streams.
5. Check on your investments and think about diversifying if you are heavily into equities or shares.
6. Talk to your family or friends.
7. Reduce expenses to live within your means.
8. Be that indispensable employee so that money still is keeps coming in.
9. Keep saving money as part of your budget.
10. Avoid recession depression and try to enjoy life

Should you be bothered about the US inverted yield curve and what is it?
When the yield on a 10-year US Treasury Bond falls below three-month government debt it signifies a recession is on the way.
The gap between three month and ten-year yields has been negative before every American recession in the past 50 years according to the Financial Times.
The news comes as the troubled Deutsche Bank announced 18,000 job losses worldwide, which will affect its City of London operation where it employs 8,000 staff.
What should you do to prepare for a downturn in the economy? I’ll be going deeper into tips on surviving and thriving during a recession in part two of the podcast edition.
In my book, I talk about the wealthy who know how to preserve their ‘economy’ or what I call the ‘Uconomy’ and protect themselves whatever the outside economy is doing. They usually follow the ‘3 R’s of Money Management’, outlined in Part 3 on ‘How to Grow and Manage Your Money’. As I’ve said in previous podcasts, making money and keeping money are two different skills.
Read about money mindset in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook

If you’re planning your holidays this year, make sure you have adequate travel insurance. Ignoring this advice could bankrupt you or leave you with a huge bill.
What is travel insurance?
Travel insurance covers things like medical expenses, trip cancellation or delays, lost or stolen baggage and personal liability while you’re travelling. The type of cover you need depends on the countries you’re visiting, the activities you’ll be doing on your travels, e.g. winter sports or summer holidays, and the length of your trip. Your age and health will also be a factor and you may need to find specialists providers. You’ll also need to state whether you want travel insurance for a single trip, multiple trips or for backpacking, as cover may vary and typical policies cover trips of up to 30 days at a time.
Why do I need travel insurance?
We love to travel, but accidents do happen, which can incur medical bills, delays, lost items and thefts. All of these unforeseen events can prove very costly if you’re not properly insured.
Whilst it sounds like a no brainer to take out insurance, which can sometimes cost as little as £10 for a short trip, 1 in 4 people do not take out any travel insurance for their holidays, according to Compare The Market.com. When you consider the minimal cost of a policy and the fact that travel insurance providers paid out £370m in 591,000 claims last year, according to the Association of British Insurers (ABI).
The potential costs of travelling without insurance for emergency medical care are horrendous. The ABI has examples of what has been paid in 2017 for claims that you would have to pay for yourself (in some cases, on the spot or before medical treatment) if you had no insurance cover:
· £768,000 was paid to cover the medical costs of treating a traveller who suffered a stroke in the USA.
· This includes £60,000 for an air ambulance back to the UK.
· £125,000 to pay for surgery following a jet-ski accident while holidaying in Turkey.
· £136,000 for treating complications following an insect bite in Chile. This included paying for a nurse to escort the traveller home.
I have seen first-hand what happens when people have no insurance. Two friends of mine had family deaths on holiday. One had insurance, but the other did not because he was driving. It cost the family a fortune to fly the body back home and pay all the handling charges.
It doesn’t matter whether you’re taking the family to the beach, a student on your gap year taking the trip of a lifetime or simply making the most of your retirement, you must find a travel insurance policy to keep you covered. Check comparison sites or speak to an independent broker.
As I say in my book, the wealthy know how to preserve their money and protect themselves against liability. As I’ve said in previous podcasts and in my book, making money and keeping money are two different skills.
Make sure you watch your back because you never know what’s coming your way.
Read about money mindset in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook

Some of the top finance stories this week:
Amazon is 25 years old looks set to dominate the world, although I’ve heard that before with other companies like Facebook.
House prices continue to fall in London. According to the nationwide survey house prices in London fell for the eighth consecutive quarter and grows in other parts of countries slowed to just .5%.
Earlier this week it was reported that the salary needed to buy the average property in London is now £84,000. This figure also reflects the tight lending policy imposed by the government a few years ago in order to stop another house price boom and bust.
Excessive stamp duty does not help the situation
This news may be good for buyers and even investors who want to pick up cheap properties. However, stamp duty is a factor. For instance, if you Bought a three bed house or similar price property in London inside zone three or four for £575,000 to £600,000 your stamp duty would be over £34,000.
Then look at the yield. If you were able to get a rental of £19,000 - £20,000 pa your gross yield would be around 3%. Some agents in London are claiming that 3% is a good yield! Nonsense. If interest rates were not so low – 2%ish on a buy-to-let mortgage - and landlords were not taking interest only mortgages, most London property deals would not stack up at all.
Inheritance tax (IHT) is to be simplified and possibly tightened up following a review by the office for tax simplification. One of the suggestions is to reduce the seven-year rule to 5 years, but I expect loopholes to be closed in order to squeeze even more money out of the taxpayer! What does this mean for you? Seek tax advice from an expert if you are worried about IHT.
Boris Johnson and Jeremy Hunt continue to fight out the battle for the leadership of the Conservative party and, by default, the country’s next Prime Minister. Both candidates are promising big rises in spending, which makes you wonder where the money is going to come from. Government ministers have previously said that there is “no money tree” and this is true. All the money that is collected in taxes is spent on running the country and more is usually needed which means borrowing and issuing government bonds.
Stock markets at all time-high
Like any business, you can make cuts here and there and try to save on salaries or marketing, but unless you produce more, make more sales and make more profits you are just juggling figures and robbing Peter to pay Paul.
Coming out of the European Union would in theory save £39 billion on the EU contribution, although how much we save in net terms we are not exactly sure. However, they could also be a recession and I slowdown in the immediate aftermath of Brexit.
Stock markets steadied as Trump reins back on his threatened trade war with China, but are at an all-time high following a ten-year bull run.
The price of gold has risen in the last few months indicating that investors are looking for a safe haven for their money.
Britain’s oldest builder, Brighton based R Dutnell and Sons (now there’s an old name) went into liquidation. Quite sad because the firm had been trading since 1591 And been run by 13 generations of the same family. Can anyone save them?
On the good news front, Jaguar Land Rover have agreed to invest hundreds of millions of pounds building the new generation of electric vehicles in the UK.
Charles Kelly
Money Tips

Just 25 years on from when it started, Amazon has grown from start-up to one of the most valuable public companies on the planet, with Mr Bezos now the world's richest man.
Amazon started as an online book retailer but has become a global giant, selling multiple products with membership subscriptions, physical stores, groceries for sale, its own smart devices and a delivery system which can get things to customers in an hour.
In 2018, Amazon became the world's second-ever public company to hit a $1 trillion valuation, after Apple, and it has the second-highest market valuation in the world, after Microsoft.
Amazon has sales of over $234 billion and is expected to rise to over $300 billion by 2020. Their subscriptions alone exceed $100 million a year – in recurring revenue!
One of the reasons the company has grown is their partner programmes which enables online entrepreneurs and retailers to sell goods on the Amazon platform at a fraction of the cost of setting up a physical store.
In the past, you needed technical knowledge and skills to set up websites and marketing ability to work online. You needed to find a way of driving traffic to your site.
Amazon has solved these problems with its readymade store monthly visitors exceeding 199 million in the US alone.
The internet has opened up a new world of learning, working, socialising and doing business. We no longer need to go back to school or university to learn new skills. We can work from home, start a business or find a new life partner all from the comfort of our home.
If you want to quit the rat race and work from home, but can't quite replace your income from your paid job, why not try and gradually make the transition over a period of time?
You can learn how to get started on Amazon or Facebook by following the steps of people who have done all the hard work for you and now want to pass on their knowledge.
For more information on Amazon and Facebook courses email charles@charleskelly.net

Motorists and most small businesses are required to have public or third party liability insurance, but most of us don’t think about protecting ourselves until it’s too late.
You could lose everything if something goes wrong and you are sued for damages.
In a recent case reported in The Times, a cyclist knocked down a woman who walked into the road while looking at her mobile phone. A judge ruled that they had shared liability and awarded the woman £4,162, half the sum she had claimed. However, he could be forced to pay her legal costs of £100,000.
Since the accident, there has been a rush to join cycling organisations, such as Cycling UK, which include liability insurance in their membership package for as little as £3.88 per month.
As I say in my book, the wealthy know how to preserve their money and protect themselves against liability. As I’ve said in previous podcasts and in my book, making money and keeping money are two different skills.
Make sure you watch your back because you never know what’s coming your way.
Read about money mindset and the movie stars who blew it all in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook

The importance of financial education at a young age.
How much pocket money should parent s give to their children?
Should they earn pocket money in return for chores?
Teaching kids the value of money.
Help you children to develop a positive money mindset from a young age, as it will have lasting benefits throughout their lives.
If you are interested in developing and improving your money mindset, check out more on this subject in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook

8 simple tips to start your day off on the right foot.
Develop an abundance mindset by remembering that there is more money in the world chasing good ventures and ideas than there are ventures available.
Check out my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook
If you are interested in developing and improving your money mindset, check out more on this subject in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook

Follow my The 3 R's of Money Management to transform your finances with this simple formula taken from my new book - Yes, Money Can Buy You Happiness, available on Amazon - http://bit.ly/2MoneyBook.
Develop an abundance mindset by remembering that there is more money in the world chasing good ventures and ideas than there are ventures available.
If you are interested in developing and improving your money mindset, check out more on this subject in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook

More P2P lenders losing investor’s money and in trouble, as FCA impose restrictions.
One scheme issued funds before planning permission was granted and the deal is now in default.
Find out how you can learn how to do your own deals from professional trainers, rather than putting your cash into the hands of others.
Property investment is not just about buy-to-let or becoming a landlord. There are dozens of strategies from development and conversions to rent to rent and lease purchase options which require little or no deposit and no mortgages.
You can learn these strategies and more by attending short courses where you get to meet expert trainers and investors, as well as network with likeminded people. Who knows, you could meet your future business or JV partner at an event?
If you like further details a property courses, such as a one-day introduction to property investing, drop me a line to charles@charleskelly.net
I have a limited number of complimentary tickets to attend an excellent course run by experts, which will give you a clear overview into the market.
Here are some of the courses coming up in the next few months:
Multiple Streams ff Property Income (Three days of world-class training)
Beginner Property Secrets (Full days training)
Deal Packaging Discovery Day
Serviced Accommodation Discovery
No Money Down Discovery
For full details and a list of further courses click here to learn how to become a UK property investor or go to http://bit.ly/2ZVAVtvcourses.

Longer term mortgages to help stretched first-time buyers on the rise.
Barclays Family Springboard Mortgages explained.
Watch your pension manager to ensure you are not losing out in poor performing funds.
Will you be able to retire?
Property investment is not just about buying your first house, buy-to-let or becoming a landlord. There are dozens of strategies from development and conversions to rent to rent and lease purchase options which require little or no deposit and no mortgages.
You can learn these strategies and more by attending short courses where you get to meet expert trainers and investors, as well as network with likeminded people. Who knows, you could meet your future business or JV partner at an event?
If you like further details a property courses, such as a one-day introduction to property investing, drop me a line to charles@charleskelly.net
I have a limited number of complimentary tickets to attend an excellent course run by experts, which will give you a clear overview into the market.
Here are some of the courses coming up in the next few months:
Multiple Streams ff Property Income (Three days of world-class training)
Beginner Property Secrets (Full days training)
Deal Packaging Discovery Day
Serviced Accommodation Discovery
No Money Down Discovery
For full details and a list of further courses click here to learn how to become a UK property investor or go to http://bit.ly/2ZVAVtvcourses.

Listen to what the current PM has to say about landlords and letting agents.
Respond to the consultation and lobby your MP if you feel the removal of section 21 would be a mistake.
You’ve heard a lot of negative news, so is this the end of property as we know it?
NO! Of course not.
Firstly, entrepreneurs are adaptable and it’s in their DNA to find solutions to problems.
Secondly, property investment is not just about buy-to-let and becoming a landlord. There are dozens of strategies from development and conversions to rent to rent and lease purchase options which require little or no deposit and no mortgages.
You can learn these strategies and more by attending short courses where you get to meet expert trainers and investors, as well as network with likeminded people. Who knows, you could meet your future business or JV partner at an event?
If you like further details a property courses, such as a one-day introduction to property investing, drop me a line to charles@charleskelly.net
I have a limited number of complimentary tickets to attend an excellent course run by experts, which will give you a clear overview into the market.
Here are some of the courses coming up in the next few months:
Multiple Streams ff Property Income (Three days of world-class training)
Beginner Property Secrets (Full days training)
Deal Packaging Discovery Day
Serviced Accommodation Discovery
No Money Down Discovery
For full details and a list of further courses click here to learn how to become a UK property investor or go to http://bit.ly/2ZVAVtvcourses.

I recently attended a landlord’s meeting and was shocked at the lack of knowledge in the room, especially regarding important changes which came into effect this month.
Firstly, new legislation came into effect from the 1st of June under the Tenants Fees Act 2019 regarding charging tenants – what you can and cannot charge tenants. If you are a landlord and you ignore new letting rules, you could face fines of up to £30,000 and a criminal charge, according to the National Landlords Association (NLA).
Secondly, many of the landlords were unaware of Section 24 removing mortgage interest tax relief on their buy-to-let mortgage.
Finally, landlords had no idea that following a court ruling (Caridon Property Ltd v Monty Shooltz) Section 21 notices are invalid unless the gas safety certificate has been given to the tenant before the tenancy agreement has been signed.
Listen for more details and PM Theresa May's speech this week on abolishing "no fault evictions", confirming the government's intention to repeal Section 21 of the 1988 Housing Act.
The Government will shortly launch a consultation as to the proposed repeal of section 21 of the Housing Act 1988 in which landlords will have the opportunity to give their views to the government on this major proposed change.
If you like further details a property courses, such as a one-day introduction to property investing, see learn how to build a property portfolio or drop me a line to charles@charleskelly.net
I have a limited number of complimentary tickets to attend an excellent course run by experts, which will give you a clear overview into the market.
Here are some of the courses coming up in the next few months:
Multiple Streams Of Property Income (Three days of world-class training)
Beginner Property Secrets (Full days training)
Deal Packaging Discovery Day
Serviced Accommodation Discovery
No Money Down Discovery
For full details and a list of further courses click here to learn how to become a UK property investor.

The incredible story of young entrepreneur, Reggie Nelson, who knocked on doors in London's wealthiest areas, Kensington, to ask for business advice. Find out what happened.
If Richard Branson lost it all today, how long do you think it would be before he would be a billionaire again? Much of his fortune has been made using other people’s money, ideas and work. All they needed was the virgin name.
Develop an abundance mindset by remembering that there is more money in the world chasing good ventures and ideas than there are ventures available.
Check out my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook
If you are interested in developing and improving your money mindset, check out more on this subject in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook

A few phone calls could save you hundreds, if not thousands, of pounds.
After our mortgage or rent payment, utilities I’ll probably one of our biggest expenses.
Unfortunately, when it comes to the companies which supply your gas electricity, mobile phones and broadband, it does not pay to stay loyal to them. Same applies to car, breakdown recovery and home insurance.
They say that it cost many times more to win the new customer than it does to look after and sell to existing customers. We all know this is the case so why do these providers take us for granted and offer us poor deals forcing us to take our business elsewhere? It just doesn’t make any business sense at all.
We hear terms like “loyalty” bonuses, but in reality, we get charged more for the same service than new customers. You also see this with mortgage providers and banks. They will offer a better rate to new customers than existing borrowers or make your savings account less competitive by dropping the rate.
I frequently change providers or ask for a better deal by calling them up to asking them for…you guessed it, a better deal! In most cases, they say yes! After all, they want to keep you as a customer, even if they go a funny way about showing it!
This simple technique has saved me tens of thousands of pounds over the years.
You know the old saying, “A penny saved is…a penny earned”. Actually, it is more when you take into account tax on your income.
Right now, I have an issue with virgin who supply broadband to several of my buy to let properties. When I first started, they were charging me less than £30 per month per property. Now it exceeds £40 per month when they are advertising broadband and a phone for £27 per month to new customers.
To make matters worse, I’m not even getting a good service! They don’t even acknowledge the fact that I’ve got several contracts with them.
In fact, one of the reasons I have not changed sooner is that I can never get through to them on the phone. I’ve spent hours on endless automated answering systems - press one for this, press two for that and then out the other end without speaking to person!
Come on Virgin, you can do better than this! Richard Branson, I challenge you to try getting through to your broadband service on the phone!
When I had a problem with the router they refused to change it until I went on Twitter!
I wish they had many people monitoring the phones as they do watching complaints on Twitter!
You don’t always need to change providers to get a better deal. I was able to renegotiate the £40 per month saving on my RAC breakdown membership just by challenging them on offer in a much better deal to new customers When I had been with them for years.
You may be tied into a contract and unable to change, so you need to diarise key dates to make sure that you don’t miss out on the best deals or get stuck on an expensive tariff.
Electricity and gas companies are notorious for leaving you on an expensive tariff when you could change to a cheaper one just by making a phone call.
Action....listen for more
If you are interested in developing and improving your money mindset, check out more on this subject in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook

Cyber security and credit protection advice from the real Frank Abagnale, the man who inspired the Stephen Spielberg billion-dollar blockbuster movie, played by Leonardo Di Caprio, who worked for the FBI for 40 years advising governments and corporations on cyber security recently gave a talk at Google. His advice on how to protect yourself against cyber crime might surprise you and even scare you.
The movie tells the story of how a 16-year-old boy managed to con his way onto airlines and fly free all over the world posing as a pilot. He also defrauded banks out of millions of dollars through cheque fraud and worked as a hospital doctor and a lawyer despite leaving school at 16 never having studied medicine or law at university.
In this episode:
Frank's top 2 cyber security tips.
My top 7 tips for protecting your credit rating
The world revolves around trust and reputation, so be straight and pay back what you owe ON TIME. If you can’t, inform people instead of burying your head in the sand.
Almost everyone will need to borrow during their lifetime, especially home buyers and entrepreneurs.
Protect your credit rating with your life, because so much of your life depends on your credit rating!
If you are interested in developing and improving your money mindset, check out more on this subject in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook

When I was growing up in London there were different waves of migrants coming into the country. Many members of my extended family were coming over on the boat from Ireland, where there was little opportunity and widespread poverty. I also went to school with many first-generation migrants from Cyprus, India, East Africa and the Caribbean.
Later on, I saw other waves of immigration from places like Uganda, after Idi Amin literally kicked out all of the Asian population, and the Philippines.
I noticed that many of them bought their own houses rather than relying on council housing, perhaps because this was not so readily available to them as it was to the indigenous population.
Like some of my own family, they rented out part of their house or took in a lodger to help make ends meet. Sometimes, the rent they would and would often cover their mortgage and enable them to save money for another house. It was inconvenient in some ways and not as comfortable as having your own space to yourself, but they did what it took to get on.
They also had a higher tendency to start their own businesses, based on my anecdotal observations. Perhaps because they could not find a job which utilise their education and skills from their own country.
I also noticed that they worked harder than the average person and often had two or three jobs.
Most British people still believed in and depended on the so-called “cradle-to-grave” welfare state brought in after the war. They were told by the government that they will be looked after from the time they were born until they were buried.
Everything was meant to be free from healthcare, education up to university level to elderly care. People pay taxes and national insurance contributions which was supposed to provide for their pension in old age. They also had the safety net of the benefit system which meant that they were paid if they were unemployed or could not work.
During my early years in financial services, people would often say things like, “the government will look after me if I don’t have enough pension savings”, or “the state will look after my wife and children if I die with no insurance”. In many ways, they were correct. The state does provide benefits for people who retire without any pension, which seems on fair to all of those people who have sacrificed and saved for retirement.
Mature Times Recently quoted a report by Canada life that almost 2 in five pensioners or 38% of claimants receive less than £150 a week.
Can you live on £150 per week? You can probably survive on it but you can’t live comfortably on the state pension or benefits, which is why are you here of pensioners freezing to death in the winter or having to make the choice between food or heat. Most people blame the government but the truth is the vast majority of us have the opportunity to work and save during our lifetime.
The welfare system is broken and unsustainable. This is why successive governments have had to change the rules and move the goalposts.
Does all this make you worried? If so, good. We all need to wake up!
What can you do?
Step one, wake up.
Step two, start educating yourself on money and investing.
The same opportunities to invest in property are available to you today and in fact it is much easier to get into property than it was years ago.
If you like further details a property courses, such as a one-day introduction to property investing, see https://ambassadorshub.co.uk/ambassador/index.php?aid=AMB0427 or drop me a line to charles@charleskelly.net

You will see that money is everywhere if you have the right 'money mindset, which I cover in my book, Yes, Money Can Buy You Happiness. There are trillions of Dollars in circulation right now. This does not include the hundreds of billions in pension funds, venture capital and hedge all looking for places to invest.
Examples of people who had a different money mindset are two former members of the Beatles pop group, the late John Lennon and George Harrison.
John Lennon wife once asked him for a swimming pool and he said, okay I’ll write you one.
When the ISKCON Hari Krishna movement approached George Harrison, for help to fund a new centre in the UK in the early 1970’s, he donated money for a property and wrote the album All Things Must Pass to help raise the money for the movement. One of the massive hits from that triple album was My Sweet Lord, which featured the chant Hari Krishna and went on to sell 7 million copies, outstripping sales by his former Beatle colleagues after the band split. The property Bhaktiavedanta Manor in Hertfordshire is still there today. I have visited the manor many times and walked in the commemorative garden opened by his widow Olivia.
You might be thinking, "ok, that's alright if you're a songwriter, but what about me? Fine, you may not be a writer or an artist, but you have talent, knowledge and experience in some other area.
In another example, a Guru in India, who needed millions of dollars to fund a new temple and centre., was asked, where is the money going to come from? He replied, “from where ever it is now “.
People with this level of mindset realise that when you have a project or a goal money is no object. The money is out there and you just have to find it, attracted, manifest it, ask for it or whatever you want to call it. Lionel Richie said songs and ideas are "in the air".
Billionaires are multimillionaires truly believe that if they lost everything today they would soon be rich again. Don’t forget, only a few years ago Donald Trump’s business empire was in Chapter 11 bankruptcy and people were saying he was finished.
If Richard Branson lost it all today, how long do you think it would be before he would be a billionaire again? Much of his fortune has been made using other people’s money, ideas and work. All they needed was the virgin name.
Develop an abundance mindset by remembering that there is more money in the world chasing good ventures and ideas than there are ventures available.
If you are interested in developing and improving your money mindset, check out more on this subject in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook

In this week’s episode, 5 Quick Money Saving Tips.
What’s the funniest money saving tip you’ve ever heard? One of the strangest tips I’ve heard was on a radio show, which had a daily “housewives tips” feature.
A radio DJ would say: “send in your money saving tip on a postcard and if it’s read out, you’ll get a free mug!”
One tip sent in by a listener recommended gathering up all of the small leftover bits of hand soap and then putting them into a saucepan. You would then boil the soaps or bits of soap meld them together to form new bars of soap!
Well if you’ve heard amusing tips one like that let me know, but not on a postcard.
In those days, before the Internet, a popular saving tip was to cut out coupons from magazines and newspapers and take them into the supermarket to get savings on certain items. It was always annoying standing behind people rummaging around in the purse for coupons! These coupons still exist only nowadays they can scan them straight into the tills.
One of my wealthiest clients used to collect coupons she was worth a fortune in properties, but still looks after the pennies, so the pounds looks after themselves.
Nowadays, you don’t even have to cut out paper coupons as there are there are many deals on the Internet and companies like Wowcher and groupon have made a fortune cashing in on the ground trend to get a deal or save money! It’s almost become a national obsession.
5 Quick Money Saving Tips in this episode.
You can only go so far by cutting costs and saving money.
Grant Cardone says:
“Foundation of building wealth Focus on income…”
In other words, if you want to build wealth you need to first focus on generating income and later on investing.
Money held on deposits won’t make you rich either. If the banks are paying you .25% in your money it will take 40 years to pay you 10% on your cash!
There are hundreds of practical ways to generate more income including:
Take a part time job
Part time business
MLM or direct sales
Online marketing
Online retailing such as Amazon, Ebay, Groupon or shopify
Facebook
Affiliate marketing
Blogging and writing
YouTube
Film extra
Teaching
Buy to let property
Property management
The best way of increasing your income is to keep learning. I have a limited number of complimentary places at some of the best courses on Amazon, investment and property. If you like further details, such as a one-day introduction to property investing or building an Amazon online business, click HERE or drop me a line to charles@charleskelly.net
In my book, Yes, Money Can Buy You Happiness, there is a section on the celebrities who lost it all. There are countless stories of sports and media celebrities with quickly made and lost fortunes through mismanagement of their money and for advice. I’ve personally assisted form of popstars, I used to see performing on Top of the Pops, who could not obtain a mortgage due to a poor credit history and being behind with their current mortgage. Some had lost their marriages and families. It was sad to meet once wealthy and famous people end up broke.
Check out my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook

You may have read that Facebook is to launch a cryptocurrency, which is already creating a stir among world central bankers and G7 leaders.
This is not just a remittance service sending money via a smartphone, but a new currency.
However, some cryptocurrency purists could argue that Facebook’s new digital coin, Libra, is not a true cryptocurrency, although they admit that it could bring digital money into the mainstream.
Critics claim the plans for Libra, backed by a consortium of 28 groups including Uber, Spotify, Visa and Mastercard, is not a genuinely decentralised digital currency.
I’m not a crypto expert or even a fan of so-called currencies like Bitcoin. The price of bitcoin, which has been volatile over the past 12 months and passed $9,000 at the weekend for the first time in more than a year, has been flat since the announcement. Other major cryptocurrencies were also unmoved or only slightly down on the news.
The new currency system will allow users to convert US dollars and other international currencies into Libra, which will facilitate rapid money transfers and online transactions with almost no transaction fees. Which begs the question, if there are no transaction fees why are these companies investing millions into this project?
Facebook, which is leading the project, said Libra will be especially valuable to the 1.7bn people worldwide without bank accounts, who will be able to carry out payments via their phones.
Phil Chen, decentralised chief officer at phonemaker HTC’s blockchain-driven Exodus project, told the FT.
“This project is the antithesis of bitcoin and is another step towards total control of data and users,”
Whilst central bankers, like the governor of the Bank of England Mark Carney, have given the currency a lukewarm welcome, I’m sure Facebook and its backers have already thought through the potential challenges that lie ahead, not least money laundering regulation.
Within Facebook — where engineers and product managers are more familiar with optimising advertising algorithms or simplifying photo sharing — creating a new currency was seen as a daunting challenge. “I’ve been doing this for more than a year, like 20 hours a day, and I’m still wrapping my head around it,” said Kevin Weil, who moved from Instagram to become Facebook’s head of blockchain product in June 2018. Libra was “unlike anything I’ve ever worked on before”, he added in an interview last week at the San Francisco Mint. “The technology is basically brand new, and is evolving really quickly. No one has any experience with a global currency before. Any direction you look, it’s new — and that’s exciting.”
Libra could open up opportunities for small online businesses to lower the cost of transactions, as well ease the process of selling online on Instagram and Facebook.
The news must have sent shivers through the banking and money transfer community. This will shake up the banks and the likes of Western Union, which takes a large chunk out of overseas workers remittances. They are all crying 'foul' about regulations and money laundering when it's the banks who have been fined for laundering! Apple Pay is not mentioned? This will be another step towards a cashless society, a one world currency and less control of our money and privacy.
Facebook has 2.7 billion active monthly users, and it knows a lot about us. It will know a lot more about us once we start using Libra, but has promised to keep this information separate from the social media business.
Check out my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook

Your network is your net worth and net wealth, so get around like minded people who lift you up and get away from negative people who drag you down.
Choose your friends wisely and get around the right people if you want success, happiness and wealth in your life.
In this episode you’ll learn how to expend your network, where to meet like-minded people and which friends to avoid!
Listen to my 5 tips to help you get around the right people and improve your life!
In my book, Yes, Money Can Buy You Happiness, there is a section on the celebrities who lost it all. There are countless stories of sports and media celebrities with quickly made and lost fortunes through mismanagement of their money and for advice. I’ve personally assisted form of popstars, I used to see performing on Top of the Pops, who could not obtain a mortgage due to a poor credit history and being behind with their current mortgage. Some had lost their marriages and families. It was sad to meet once wealthy and famous people end up broke.
Check out my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook

In this week’s episode:
Thousands of buy-to-let investors have sold properties since 2016, when the then Chancellor George Osborne announced punitive taxes on landlords, according to research by Hamptons International.
Find out what a former housing minister told me when I confronted him directly about the anti-investor measures and suggested how mortgages could be more flexible for first time buyers.
And,
Should you pull your cash out of Metrobank?
Are interest-only mortgages set to make a comeback?
Find out how you can have fun investing in the stock market without taking courses
If you like further details a property and investment courses, such as a one-day introduction to property investing, see https://ambassadorshub.co.uk/ambassador/index.php?aid=AMB0427 or drop me a line to charles@charleskelly.net

First, we had the George Osbourne 2015 finance act phasing out tax relief on buy-to-let mortgages. Tax relief will be gone by next year as will many property owners and landlords as they start to pay more tax and even struggle to show a return on their investment. This is a travesty and goes against all principles of business lending.
The then Chancellor George Osbourne also removed wear and tear allowance, which will cost small landlords dearly.
If that wasn’t enough, the government are now proposing new rules to do away with Section 21 notices, which enables landlords to legally regain possession of their property without having to give a reason or find fault.
Many property owners have already sold up or reduced the size of their portfolio in order to cut borrowing. Property prices in many parts of the country have dropped for a number of reasons, including of course Brexit.
Some see this as an opportunity to buy more property as so-called amateur landlords run for the hills.
Others worry that long term open-ended tenancies may be the beginning of the end for the buy to let business as we know it. The banks will certainly be concerned about gaining possession of their security in the event of a default on the mortgage.
Listen for more details....
If you'd like further details a property courses, such as a one-day introduction to property investing, see https://ambassadorshub.co.uk/ambassador/index.php?aid=AMB0427 or drop me a line to charles@charleskelly.net
I have a limited number of complimentary tickets to attend an excellent course run by experts, which will give you a clear overview into the market.

Making money and keeping money are two different skills
You may have read recently that Jamie Oliver’s restaurant empire has gone into administration. The talented TV chef had rapidly built up a chain of around 50 restaurants over the last few years. Like his new restaurant branches, Jamie seemed to be popping up everywhere on television, in the newspapers and on the Sunday Times Rich list.
We don’t know exactly why his restaurant business went wrong. Some say that his prices were a little too high for basic Italian food, but I think it also has a lot to do with the expensive city centre locations and over expansion.
Jamie apparently put in £30 million of his own money when the company was on the rocks over a year ago. Evidently, he could not let it go and tried to rescue a sinking ship.
What this proves is that it is far easier to make money, or start a successful business venture, than it is to keep it.
In my book, Yes, Money Can Buy You Happiness, there is a section on the celebrities who lost it all. There are countless stories of sports and media celebrities with quickly made and lost fortunes through mismanagement of their money and for advice. I’ve personally assisted form of popstars, I used to see performing on Top of the Pops, who could not obtain a mortgage due to a poor credit history and being behind with their current mortgage. Some had lost their marriages and families. It was sad to meet once wealthy and famous people end up broke.
Check out my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook

Who is the highest paid BBC presenter?
If you are not working for a public sector organisation, like the BBC or your local council, how would you save enough to retire comfortably?
I have a few complimentary tickets for an event which will show you how to invest in property. Email me for tickets:
Charles@CharlesKelly.net

Agents reports a glut of properties on the market at over £1 million in London. In some cases properties have been on the market for years and discounts of up to £10 million are not unheard of!
In other news Brexit is causing uncertainty in the UK and shares could be overheating.

What contributions are you making to the world? How is your life impacting those around you?
I recently attended a funeral and the priest asked the congregation to think about the day when it will be their funeral.
What will people say about you? How many people will show up?
In a business sense you can relate this to the service you offer and how it impacts your clients. Are you doing it to make their lives better or just make a fast buck? Great businesses and people are passionate about their product or service.

There are 3.5 billion reasons why you cannot ignore your online audience. Use these 3 simple tips to build your social media audience. For information on an exclusive new course on Amazon, email me. I have 10 complimentary tickets left! charles@charleskelly.net

Don’t be like the UK government and take 70 years to come to a decision to build a new runway at Heathrow airport!
In his book, Think and Grow Rich, Napoleon Hill lists lack of decision as one of the major causes of failure!
In this episode, I give you real life examples of how making a decision has turned my life around in more ways than one.

Many of the multi billion dollar products we use today were not invented by the company which made them household names. Entrepreneurs like James Dyson, Richard Branson and Steve Jobs innovated and improved on existing products and ideas and set the friction out of using them.
Uber and Airbnb are examples of disruptive companies which made an existing system better and easier to use.
You too can apply this to your business or to a new business and make a fortune along the way.

The FCA has spent “two years” looking at the high cost of borrowing from pay day lenders, banks and rent to own furniture merchants.
Whilst interest rates for this type of borrowing are completely out of order, what we need to do is to educate people not to borrow money to buy depreciating consumer goods in the first place.
Borrowing money at extortionate interest rates to buy expensive televisions and vacuum cleaners will keep you in poverty for the rest of your life.

In today’s episode, I give two examples of young people who are taking action and literally “printing” money and becoming financially free! Okay, not actually printing money but metaphorically printing money and creating wealth and value. There is one catch, have to get off your backside and do something! Stop harping back to the “good old days” and realise that there are more opportunities now than ever before.

Most wealthy people started out with little or no capital and are self-made millionaire’s or even billionaires. There are many businesses you can start without the need for large amounts of capital.
If you have any comments or would like further information on courses to help you get started in business, email me:
Charles@CharlesKelly.net

Whatever you feel about the royal family, you have to admit that they add billions of pounds to Britain’s brand and attract millions of tourists to the country. I would like to take this opportunity to wish Megan and Harry every happiness and success in their life together. Princess Diana, Harry’s mother, would have been so proud of her son and daughter in law.

Do you have enough money saved in order to retire comfortably and if not what can you do about it?
The Royal London insurance company said you will need £445,000 in your pension pot today if you are still renting.
In this podcast, we examine your options and look at how much money you need in your pension fund to live a decent life in retirement.
For money, investing in property has been their preferred method of saving for retirement.
If you would like to learn more about investing in property on a free property investment taster course, email me at Charles@CharlesKelly.net

Richest man in the UK, with a fortune of £21 billion, was the son of a carpenter who started life in a council house.
Research shows that most millionaires are self-made. My research and life experience has shown me that the rich are usually kind and generous and not as portrayed in the media.

There are millions of millionaires in the world and more money available to invest than ever before.
In this episode we look at ways to improve the return on your money or raise finance for ventures without using the banks.

TUC said that workers should be paid more and are earning less in real terms today and they were 10 years ago.
However Paul Johnson from the Institute of fiscal studies said that the country’s productivity has not increased therefore pay cannot increase.

This weeks financial news, the Bank of England held interest rates, which is good news for borrowers but bad news for savers and pensioners.
Whilst Donald Trump‘s action against Iran could have serious repercussions for many businesses, we can only control our own economy by the actions we take to earn and save money.

In the lottery of life, you have already won the jackpot. Why, because you are listening to this podcast and you have the facilities to do so. Just been born in a country like the UK means you have already had a massive leg up in life.
Be grateful. Money flows where gratitude goes!

This podcast I’ll tell you the number one Investment tip and advice from one of the worlds greatest investors.
If you like further information on a complimentary money course, I have a few ticket available so please email me at Charles@CharlesKelly.net

In this episode we look at disruptive companies such as Uber an Airbnb, which have made life better for consumers. At the other end of the scale there are companies to avoid. I recommend a book, which shows you how to live a life of luxury while still watching the pennies!

Less you can manage your money, you never be wealthy, at least not for long.
In my forthcoming book, Yes Money Can Buy You Happiness, I’ll give you a system that will help you manage your money. The system is called:
The 3 R’s Of Money Management
Listen to my episode to discover
The 3 R’s Of Money Management

With average life expectancy now exceeding 80 in most western countries, you could live half as long in retirement as you have in work.
How are you going to provide and keep yourself in those long retirement years?
What are your options and how much should you be saving?
Other alternatives include starting a business or property investment. There are advantages and disadvantages, as well as risks.
If you would like information on a free property taster course to be held in London or another city in the UK, please email me at Charles@CharlesKelly.net

A fate worse than death for baby boomers in America is not loneliness or sickness, it’s running out of money in retirement.
How can you ensure that you will be able to afford to retire comfortably and not end up broke after a lifetime’s work?

You must’ve heard the saying, “the grass always looks greener on the other side”, but why is this?
The really successful people focus on the one thing that brings them the most results rather than looking over the garden fence.
Check out the money tips Facebook page:
Facebook.com/moneytipsdaily

Many pensioners who have built up substantial equity in their residential homes find themselves in a position where they are asset rich and cash poor.
In this episode we discuss the various methods of releasing equity from your property without the need to sell up.

Zig Ziglar once said “ if you don’t stand for something you’ll fall for anything”.
What does your brand look like to customers? How can you improve your personal branding? In today’s episode we look at your values and core beliefs.

Are you overexposed with debts and liabilities and unprepared for a downturn? How long could you survive if your salary or business income stopped coming in?
Check out my five step plan to reduce exposure.

A new report from the Royal Institution of Chartered Surveyors claims that a combination of increased property taxes and the UK leaving the European Union has had a damaging effect on the London property market.
Is property still a good investment and how can you learn more about it?

Did you have a plan for today?
The old saying that “people don’t plan to fail, they fail to plan” still holds true.
You don’t need lots of complex planning systems, as a pen and piece of paper or do. Make a list of your most important things to do the night before you start the day.
Work on that list one by one focusing on each task solely.
Keep it simple.
These are your daily goals, so work out your weekly, monthly, yearly and long-term goals.
If you don’t have your own plan, you will become part of someone else’s plan.

In 1979, a famous longitudinal study was carried out by Harvard where MBA graduates were asked if they had set clear, written goals and any plans to achieve them.
The same students were interviewed 10 years later and the results were astounding!

Don’t wait until the end of the tax year to maximise your tax allowances, start saving and investing now for the tax year 2018/19.
Get into the habit of saving a regular amount of money each month in order to secure your future, and don’t rely on the state to look after you.

From the 1st of April, landlords could face a penalty or fines of up to £5000 for letting the property with an energy efficiency rating of F or G.
Here are some simple tips to improve the energy efficiency rating of your property.

The UK tax year ends tomorrow, 5 April 2018. If you're planning to make full use of your ISA or Pensions/SIPP (Self Invested Personal Pension) this year, you must act soon. I have been talking about this since February in my Money Tips Daily blog and Podcast, so don't say I didn't warn you!
Listen to the end for the bonus tip!

Majority of cars spent most of their life sitting in the garage or on the driveway. Meanwhile they are burning a hole in your pocket. In this podcast, I look at innovative ideas to get around town and save you money.

Crowdfunding is an innovative method of raising funds for all sorts of projects from property and business to social projects. It was even used recently by a group of gutsy women to overturn the decision to release a convicted rapist and keep him in jail!

The price of an average home in the UK rose by 5.2% from December 2016 to December 2017. However, prices also dipped in January 2018. The figures vary according to where you live and the type of property. For full details listen to this Money Tips Daily podcast from.